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At least two of those aren't "buy"...they are "leverage self further". I know this sounds a bit nutty, but many of the arguments for credit seem to go: "Why
by angersock 10y ago
At least two of those aren't "buy"...they are "leverage self further".
I know this sounds a bit nutty, but many of the arguments for credit seem to go:
"Why do I want to take on debt?"
"To build your credit score!"
"And what does that do for me?"
"It gives you the opportunity to take on larger debts!"
"And why would I want to do that?"
"...why do you hate America?"
Not even joking.
- echlebek 10y agoI think that the credit is built by taking on debt and then paying it down. It shows that you can produce money reliably when required to do so, and that given some rope, you won't hang yourself with it. Extrapolate that a bit and you're paying a mortgage using the same skills.