This was a very interesting post, thanks for making it free. I am one of those no-debtooors who basically used most of a year's salary to pay down my frozen loans by the end of 2020. Only now getting into HSA's too 🤣
TBH - if you look at your situation and decide its the path you want to go down, there is absolutely nothing wrong with being debt-free. It is a big accomplishment so congratulations brother.
I poke fun at the no-debtoors who tell other people its the best way and prey on people who don't understand finances or math. Often with extremely deceptive tactics. One of my leaast favoriteris out there claiming he is 'only doing it to help people' and selling a $4k course to basically say, pay all your debt with a bunch of spreadsheets. Those are the no-debtoors drawing the fire.
Let me know if you have any questions as you start building out your assets now.
And make sure all that money you were putting into paying down debt, you are now slamming into investments - stock, RE (not yet but soon), emergency fund, liquid cash, your side income/biz - whatever is going to start giving your net worth a boost.
Oh interesting - I didn't realize with your no-debtoors it was targeted purely at the course/Ramsey crowd as opposed to individuals trying to avoid debt.
I am not there yet on real estate, but am slamming the investments, do you have articles on when and how (whether a personal finance money figure or market conditions) to go into real estate?
Yea - Personal finance is absolutely personal. As long as you are aware the of the opportunity costs and make an informed decision, you do what you feel is best for you.
The course/Ramsey crowd ignore the other side and act like any debt is terrible - it is part of their grift.
If you get anxiety over any debt, and the trade off of slightly lower returns is worth it for peace of mind, absolutely pay off that debt.
RE is very location and deal dependent - if you find an absolute killer opportunity, it makes sense to go for it. Flip side, you could be in a great financial spot but overpaying massive on a property can be a huge money loser. personally waiting as the RE cycle is long and takes months to really move, so I would rather wait till it looks like the market is turning to the upside (unless a great deal comes across).
This was a very interesting post, thanks for making it free. I am one of those no-debtooors who basically used most of a year's salary to pay down my frozen loans by the end of 2020. Only now getting into HSA's too 🤣
TBH - if you look at your situation and decide its the path you want to go down, there is absolutely nothing wrong with being debt-free. It is a big accomplishment so congratulations brother.
I poke fun at the no-debtoors who tell other people its the best way and prey on people who don't understand finances or math. Often with extremely deceptive tactics. One of my leaast favoriteris out there claiming he is 'only doing it to help people' and selling a $4k course to basically say, pay all your debt with a bunch of spreadsheets. Those are the no-debtoors drawing the fire.
Let me know if you have any questions as you start building out your assets now.
And make sure all that money you were putting into paying down debt, you are now slamming into investments - stock, RE (not yet but soon), emergency fund, liquid cash, your side income/biz - whatever is going to start giving your net worth a boost.
Oh interesting - I didn't realize with your no-debtoors it was targeted purely at the course/Ramsey crowd as opposed to individuals trying to avoid debt.
I am not there yet on real estate, but am slamming the investments, do you have articles on when and how (whether a personal finance money figure or market conditions) to go into real estate?
Yea - Personal finance is absolutely personal. As long as you are aware the of the opportunity costs and make an informed decision, you do what you feel is best for you.
The course/Ramsey crowd ignore the other side and act like any debt is terrible - it is part of their grift.
If you get anxiety over any debt, and the trade off of slightly lower returns is worth it for peace of mind, absolutely pay off that debt.
RE is very location and deal dependent - if you find an absolute killer opportunity, it makes sense to go for it. Flip side, you could be in a great financial spot but overpaying massive on a property can be a huge money loser. personally waiting as the RE cycle is long and takes months to really move, so I would rather wait till it looks like the market is turning to the upside (unless a great deal comes across).