I'm perfectly ok, like I just mentioned, suck it up

Nah you just showed you have no financial knowledge. Doesn't know fixed rate loans exist. Doesn't realize how much money you lose by paying off low rate loans.

Stay poor loser. If you ever want to know how to get literal free money from credit let me know.

This post was edited by NetflixAdaptationWidow on Sep 12 2022 01:03am

Drowns in loans, thinks he's smart

Keep talking. It's just beautiful how you think this makes you look smart while knowing so little about finance.

I have no loans, cash in the bank and I'm poor



I should dig up old student loan threads to help you remember raging about how unfair it is and what a burden.

Loans that YOU decided to take out in your wisdom

Can't even qualify for a mortgage. Yep, I'd say you're poor. You know why the largest companies have a ton of debt right? It's because credit lets you leverage, which increases how much money you can make.

Stay poor.

You don't own a big company fatty.

And I'm smarter than you https://educationdata.org/student-loan-debt-crisis

I know we snipe at each other a lot, but I'm being totally genuine here. If you really have no debt you are just leaving money on the table. Utilizing low interest credit is a very easy way to build wealth if you can support it. The mentality that debt is always bad is a great way to avoid building generational wealth. There's a reason why access to mortgages is the number one factor in generational wealth.

Let's say you have your home paid off. You should absolutely be doing a cash-out refinance and deploying that capital into the market. Even with interest rates rising if you just put it in an index fund you would expect to easily make returns that outpace your interest payments. We are still in historically low interest territory despite the recent interest rate hikes.

Better safe than sorry.

I don't want loans.

Instead of stocks I believe in gold.

Dude told you don’t don’t save any money by paying loans off early. You are arguing with a contrarian bafoon.