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Yet another example why I try not to make any debts, especially when it comes to such large numbers, because you never know what tomorrow holds. Either you have
by eXpl0it3r 13y ago
Yet another example why I try not to make any debts, especially when it comes to such large numbers, because you never know what tomorrow holds. Either you have the money or you don't. It really saddens me that it's normal nowadays to live on debts. I rather live my life less luxurious but debts free.
After all, I wish them all the best!
- chii 13y agobut if you're smart about what kind of debt you take on, and take measures to not burden your loved ones with your debt, it can be a wise thing to have some debt. Not debt for a vacation or luxury, but debt for investment or growth of money. If the only reason to not have debt is because you fear the risk of dying and burdening your family/loved ones, then you are not making the most of the opportunities available.
- adventured 13y agoObviously to be fair, generally people don't expect to get a potentially terminal cancer at 35 either. At worst one might think they have 20 or 30 years to deal with a mortgage taken on at 35. I can't find a fault with taking on a mortgage at 35 when you have a family. Particularly if you can afford the payments. I'd argue given the historically low cost of mortgage debt today, the cost of renting + trying to save to one day buy a house for your family, is a worse choice.