4 ms·
"It doesn’t feel good when your net worth is a negative number. But many of these debtors aren’t necessarily doing something wrong. It can make sense to borrow
by Kurtz79 10y ago
"It doesn’t feel good when your net worth is a negative number. But many of these debtors aren’t necessarily doing something wrong. It can make sense to borrow when you’re young—to get an education, buy a home, or even sometimes to meet emergency expenses—as long as you’re pretty sure you can pay it off later when you’re earning more money."
(Regardless, the article is quite shallow and it seems to come from the Department of the Bleeding Obvious).
- LanceH 10y agoTo properly balance the equation, the skills and future time a person has would need to be valued at something greater than zero. If you view education as an asset then borrowing to fund it is a normal value proposition.