I'm actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It's the definition of "good debt" because inflation and my home's value has way out paced the interest.
OMG. I got 8.95% for a 25yr mortgage and it was an awesome deal. Market was about 13.5%.
Your numbers are really just free money from where am standing.
Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i'm not happy. I'll probably get a car loan when the id.buzz comes here, but i'll hate it.
Debt that makes money work for you is okay, but most doesn't do that and is a bad deal. I have no interest in running a business, and if you don't make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)
I know the world is full of people with similar issues, but I wonder if you're my best friend 😅 you speak like him, and he also has a hernia needs fixing.
I mean, no matter what anyone is getting out of it, it would be theft if I could never pay it off. In which case I guess I'd go into debt if it meant curing other people of their own debt.
Probably a car, even though it's not always financially a great idea.
Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)