Posted by JML755 on June 04, 2013 at 06:58:09 from (97.78.165.184):
In Reply to: debt free posted by c-man on June 04, 2013 at 04:04:01:
c-man,
Congrats! When we paid off our mortgage several years early, I started looking around for property as an investment. Didn't get it for about 4 yrs after that and don't think I put all of the extra cash in the bank like I wanted (i.e. keep making the mortgage payment but pay it to myself). Seemed like we were a little freer with the cash in our pockets.
My point is there's "good" debt and "bad" debt". Things like credit cards aren't good, buying something that will appreciate can be good debt.
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