Quote:
Originally Posted by Stu from NYC
Very true. Some debt can be a good thing but too much is an albatross
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Only debt with tax deductible interest which doesn't exceed the limit, and when interest rates are below the rate of inflation, negative real rates, is some debt OK. .
but borrowing to the max percentage of income lenders will give is not a plan for success unless its a very short term debt instrument.
Quote:
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Originally Posted by retiredguy123
He has become a millionaire many times over by avoiding debt.
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Which is why one should pay off the bond if there is no expectation of moving in the next 10 + years. .
