You can also have no debt and still be poor.
this post was submitted on 20 Dec 2023
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That way you can take a loan and be in debt but not poor.
Why not both?
stonks
- trade on margin
- put it all on SPY puts
- ???
- debt and poor
Depends on what kind of debts.
I'm an "old" millennial that recently got a raise and cleared all my credit cards after years of having them loaded near the limit. Now I have a positive balance in my account and enough to live for a few months without a salary. It boosted my credit score to average. So that's great!
However, I live in a studio and don't think I can afford to move anywhere much bigger nor buy any kind of property. It will still take me years to save enough for a mortgage.
So I guess it's still nice not to have any debts, but I would also prefer to have paid off a mortgage instead of "only" credit cards.
I paid all mine by faking my own death lol -Definitely not me
Medical expenses: allow me to introduce myself.
Bold of you to assume if I own a house I'll pay any of those.
Wtf am I gonna use credit for? Redo my roof. I'll put out a bucket.
The day I finally had a positive net worth, I was really, really happy.
I posted on social media that I finally had nothing. So to all the people who think I had it so easy and my generation (elder millennial) didn't know what hard work was...I finally had nothing after being alive for 30ish years.
Taking a cruise down to the casino