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Debt and quality of life.

17 December 2022, 01:58 AM

#24

huncho

2023 Pledge Member

Join Date: Oct 2017

Location: nyc

Posts: 5,733

Quote:

Originally Posted by Star Ferry

Isn’t someone massively better off with 100K in cash and 100K in debt, versus have zero dollars? The debtor has way more ability to turn things around, while the 0 debt 0 equity guy can’t even buy Ramen noodles.

yes but financial geniuses in the real world will tell you that guy is living outside his means

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