NYT don't know what they're talking about and get slammed for disgusting hit piece.

Woke trash

New York Times is a far-left propaganda rag, not quite as bad as The Atlantic but it's close.

Rest in peace. She served well

This is quite often the case. Most successful individual I have had the pleasure of working with use leverage as a tool not only within a business context but also personally.

Especially in the past decade. Interest rates have been trivial compared to returns. If you haven't been leveraging yourself, you have likely made some poor decisions. Real Property has largely appreciated well beyond the cost of holding, indexes, REITs, covered call blue chip ETFS's etc. they have all outpaced interest.

Money has been cheap and intelligent / savy people have been able to take advantage of that.

The old wisdom of paying down loans comes from the day of when interest rates were 13-20%. It was common place to negotiate a mortgage or loan that included lump sum payment options with no penalty. Interest has been so trivial for so long now, it just dosen't make sense to pay down debt rapidly when you can redeploy that money that would be used to pay down debt to make a higher percentage return.

This post was edited by SBD on Sep 12 2022 11:35am

imagine being proud of debt, that doesnt even bring you cashflow



This post was edited by JohnnyMcCoy on Sep 12 2022 12:23pm

All of my debt generates cash.

You mad?

thats not what you said

too late, you can try and tell maybe brandon that your car and student loans make you money

I wonder if my CPA designation makes me more money / greater return than if I didn't borrow money and didn't get an education.

This post was edited by SBD on Sep 12 2022 02:35pm

it makes sense to NOT pay down loans only if you have that money invested somewhere else which is returning higher % returns than the % interest rate on the loans

so yes you are right, but only if said person has those investments in place

if you have money in the bank it should be spent paying down loans

someone with a CPA should be able to read, student loan debt itself does not make you money

can investing in a good degree make you money? sure, but that unpaid debt is still a liability and you cant even default on it

mister netflix is clearly just sitting there hoping that sleepy joe or someone else will enforce student loan forgiveness so actually productive people have to pay for his poor choices

for most people getting an "education" is a scam, most of unpaid student loan debt is for complete bullshit and we all know that