I mean, of course I’m not advocating maxing your credit on meebos or whatever frivolous spending floats your boat. The way you phrased it, it’s obvious that your elders meant going into debt to invest in your future.
I mean, you can continue to rent for the rest of your life, paying money to a corporation every month, if that’s your prerogative. Isn’t very smart, though.
So you can use and enrich corporations for smart phones, buying groceries, paying for transportation, your electronic payments, insurance, etc. But draw a line in the sand for loans to better your life whether it’s education, home ownership, or car ownership?
If you have to go into debt to afford something, then by definition, you can’t actually afford it. If I need to buy a car, I buy one with the cash I have available to purchase a car. I don’t rely on a bank to give me money I don’t have to make a purchase that I couldn’t otherwise afford.
I mean, of course I’m not advocating maxing your credit on meebos or whatever frivolous spending floats your boat. The way you phrased it, it’s obvious that your elders meant going into debt to invest in your future.
Frankly, I’d argue my “elders” have nary a clue at this point. I’ve yet to see how spending money one doesn’t have helps anyone but corporations.
I mean, you can continue to rent for the rest of your life, paying money to a corporation every month, if that’s your prerogative. Isn’t very smart, though.
So you can use and enrich corporations for smart phones, buying groceries, paying for transportation, your electronic payments, insurance, etc. But draw a line in the sand for loans to better your life whether it’s education, home ownership, or car ownership?
If you have to go into debt to afford something, then by definition, you can’t actually afford it. If I need to buy a car, I buy one with the cash I have available to purchase a car. I don’t rely on a bank to give me money I don’t have to make a purchase that I couldn’t otherwise afford.