Quote:
Originally Posted by XutvJet
Truth. For better or worse, without most in this country carrying loads of debt, capitalism doesn't work. It's what makes the economy go round.
I worked hard and lived a bit frugally for the first 20 years of my working life and am now very fortunate enough to not have to participate in getting loans for anything. I've never been a fan of having a note hanging over my head. If I can't buy it with cash, then to me, I can't afford it.
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Well said. But of course debt is not wealth.
Another perspective on debt not being wealth:
https://www.terramanta.com/post/the-...rds-in-q3-2023