counterarguments: * free financing is only offered when the real interest rate is pretty close to 0 anyway * cognitive overhead of staying on top of payments costs more than the interest * miss payment -> penalties - classic case of "picking up pennies ahead of a steamroller"https://twitter.com/sonyasupposedly/status/1168620369638375424 …
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Indeed. There's an efficient, effective, and antifragile system built over centuries (millennia?) to enforce ALL debts. Chance of any of your debt being forgiven/forgotten <1%. No system ensuring your income remains stable. Chance of financial emergency during your life >50%.
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Realization came to me late in life but debt = persistent burden that exposes you to greater risks whilst income = fragile safety rope that's always 1 day away from breaking helps you realize why you should avoid any habits that lead to increased debt.
End of conversation
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