4 ms·
A mortgage can be an extremely good investment, and a 0% car loan is essentially free money if you were going to buy the car anyway. My point is that there's no
by DontBeADick 12y ago
A mortgage can be an extremely good investment, and a 0% car loan is essentially free money if you were going to buy the car anyway. My point is that there's no one-size-fits-all financial advice, and trying to promote the hip, rebellious "debt-free" lifestyle rather than educating people about debt really isn't doing them any favors.
- jacquesm 12y agoGetting people to be more debt free would - in my circle of family and acquintances - do absolute wonders for their quality of life as perceived through their own eyes indicated by the level of bitching that I'm confronted with. Hence the post, it's not aimed at people like yourselves that are smart enough to figure this all out for themselves and that are capable of deciding between investing in a 7% average ROI annually real estate fund (read that small print), the impact of inflation and paying off a 4.1% mortgage. If you can do that great. But if you're about to finance your second new car (0% is not free money, that means that you're paying more for the car than you should have to because I can always get a better deal paying cash than someone that takes a 0% loan, and that's an indication that you don't understand this stuff nearly as well as you claim) or if you plan on getting a third credit card to pay off the previous one and you wonder where all your money goes then this post is for you.