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One thing I see that gets left out of this advice is that only works if you get a pay raise. The whole idea that inflation eats into future debt assumes that y
by spicyusername 4y ago
One thing I see that gets left out of this advice is that only works if you get a pay raise.
The whole idea that inflation eats into future debt assumes that your pay inflates alongside your expenses.
Inflation doesn't magically make debt cheaper, your rising salary does.
- cmrdporcupine 4y agoAlso some of the assets you buy with your debt (say, a house) are also potentially losing value with inflation (and higher rates) in the mix.
- funstuff007 4y agobut if you buy canned goods, and finance with negative interest rate debt, that's a winner.