[manaboutown]

Originally Posted by retiredguy123

I don't agree. I have only had one loan in my entire life, and I paid it off within 2 years. People who avoid debt almost always become wealthier than those who don't.

I (used to ) LOVE debt, good debt. Over the course of my younger years I was able to purchase several income generating investment properties with little or at times no down payment. These days all but a trivial amount of it has been paid off. What remains is in the 3% interest range and tax deductible so I choose not to pay it off but to amortize it in accordance with its scheduled payments. I have never carried credit card debt or bought a vehicle on time. That would be bad debt IMO.