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Started By
Message
1
Posted on 12/30/17 at 1:57 pm to go ta hell ole miss
quote:
Unless you can come up with some good reason why I should pay it off early.
I’m 33 and have no debt outside of my mortgage and I am not a baller. Debt sucks and is a waste of money paying on interest.
Posted on 12/30/17 at 2:00 pm to CoachChappy
quote:
I’m 33 and have no debt outside of my mortgage and I am not a baller. Debt sucks and is a waste of money paying on interest
That depends. If you finance a vehicle at 2.9% you might be better off holding on to your money. My investment account is up 28% this year. I'd have missed out on those gains to avoid financing.
Posted on 12/30/17 at 2:02 pm to CoachChappy
quote:Damn that 0.9% car note is a waste with the current state of the stock market huh
Debt sucks and is a waste of money paying on interest.
Posted on 12/30/17 at 8:53 pm to jimbeam
You’re the exception...
In fact , college is the biggest sham of all. Call it what it is. It’s simply a way of delaying hundreds of thousands of people into the workforce.
In fact , college is the biggest sham of all. Call it what it is. It’s simply a way of delaying hundreds of thousands of people into the workforce.
Posted on 12/30/17 at 8:56 pm to GreatLakesTiger24
quote:
The study showed that the single most indebted birth cohort in the nation at that time were 44-year-olds, who owed on average $142,077 — most of which was mortgage debt
Is this supposed to be bad?
Posted on 12/30/17 at 9:01 pm to theunknownknight
Why do millennials feel that they won't make the same mistakes. They have all of the data from the previous 2 generations and will likely end up worse off.
At least in my generation, we didn't walk around with a bunch of other lemmings on the hunt for a pikachu. Right into traffic.
At least in my generation, we didn't walk around with a bunch of other lemmings on the hunt for a pikachu. Right into traffic.
Posted on 12/30/17 at 9:03 pm to Amazing Moves
quote:
At least in my generation, we didn't walk around with a bunch of other lemmings on the hunt for a pikachu. Right into traffic.
No you just do other equally stupid shite.
You're an idiot if you make a post saying "what makes you think you won't do the same thing? Oh and also you do things differently than my generation"
Posted on 12/30/17 at 9:09 pm to TH03
I don't think it's good compared to where boomers were at the same age... especially coupled with their credit card problems. They're living beyond their means.
Posted on 12/30/17 at 9:10 pm to Amazing Moves
quote:I don't think anyone is saying that
Why do millennials feel that they won't make the same mistakes.
Posted on 12/31/17 at 4:05 pm to CoachChappy
quote:
Debt sucks and is a waste of money paying on interest.
That's insane to me, but I know that is how some people actually think and I understand that philosphy. To each his/her own. If I can make Between 8-33% per year investing, or more, and only have a loan interest of 2.5%, why would I use that money to pay off the 2.5% loan and lose out on the gains of compound investing?
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