Huge asshole, just on principle But also I really do strongly believe an obsession with getting debt-free is bad personal economics that's been pushed on us because it actually benefits creditorshttps://twitter.com/nkjemisin/status/1228359146078134272 …
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I get in fights over the difference between Ramsey's "snowball" method of paying off debt (start with the smallest debt, prioritize reducing your number of creditors) vs the "avalanche" method (start with the highest interest rate debt, prioritize reducing total interest paid)
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People say the former is better even though you objectively pay more money for psychological reasons As though the whole point of financial advice isn't to pay less money
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I feel like it's really because of the unspoken moral/religious POV - being in debt to people is hurting them, and paying off individual debts is hurting fewer people And I think that POV is total bullshit (it's all just banks and collection agencies and they can suck it)
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End of conversation
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YES exactly, this is about control otherwise they would be working together
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