Quote:
Originally Posted by billethkid
Not all debt has to be "bad debt".
One example; If one has sufficient funds to pay of the 3 or 4 percent interest rate home mortgage ........do not pay off the mortgage....instead invest the same amount where one can earn 6% and better. Hence allowing a 3 or more percent interest earned each year......by keeping the mortgage.
Not a matter of right or wrong or good or bad....just a very personal and to each his own comfort choice.
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Stocks go up and down, but my bond debt will always be bad in my mind. That is just me. I was raised to never like any debt.