Jul
9
Why don’t people realize that it’s better to have debt yet have some money in the bank than it is to,.
Filed Under free money to pay off debt | 4 Comments
sob_141 asked:
be completely debt-free and have no money to afford anything and be flat broke? Why don’t people see that? In 2001 when I was in my early 20s, I had over 10 grand saved up by working my as@ off and saving over the years and I was still in college with still no real job yet, and what did I do, I made the stupid mistake of getting a car only a few years old and spending ALL my money to pay it off all at once because I was stupid. Afterwards, I felt destoryed, defeated, and like my dissapointed uncle called me after he agreed I made a stupid move, “a bum with a diamond ring”. I should’ve got an old car for no more than $3,000 or $4,000 and kept the rest in bank. I’m ok now finacially, but back then, I was stupid and I didn’t realize how stupid of a move I made ’till it was too late. So like I said, it’s better to have that several thousand debt toward car payments and at least have something saved up than it is to be debt-free and broke.
If you’re older and have assets and a real job, it’s one thing, but when you’re still young with no assets and still no real-paying job yet, it’s flat out stupid.
be completely debt-free and have no money to afford anything and be flat broke? Why don’t people see that? In 2001 when I was in my early 20s, I had over 10 grand saved up by working my as@ off and saving over the years and I was still in college with still no real job yet, and what did I do, I made the stupid mistake of getting a car only a few years old and spending ALL my money to pay it off all at once because I was stupid. Afterwards, I felt destoryed, defeated, and like my dissapointed uncle called me after he agreed I made a stupid move, “a bum with a diamond ring”. I should’ve got an old car for no more than $3,000 or $4,000 and kept the rest in bank. I’m ok now finacially, but back then, I was stupid and I didn’t realize how stupid of a move I made ’till it was too late. So like I said, it’s better to have that several thousand debt toward car payments and at least have something saved up than it is to be debt-free and broke.
If you’re older and have assets and a real job, it’s one thing, but when you’re still young with no assets and still no real-paying job yet, it’s flat out stupid.
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