Quote:
Originally Posted by retiredguy123
If you live your life debt free, you will accumulate enormous wealth. The worst advice some adults give to young people is that they need to "establish credit". The advice should be "don't borrow money".
|
Once you accumulate the wealth, you use the money to make more money. You shouldn't pay off debts that are lower than what you can earn. Keeping a 2.5% mortgage while earning 5+ percent in investments makes sense to me.