Unless they win the lottery at some point he's going to go right back into debt when they buy a house and that's going to fuck up their lives too Every single time they have extra money it's going to go into the mortgage because it "weighs on him"
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(I am strongly of the opinion you do not need to pay off student loans or mortgages early, and you especially do not put yourself through personal deprivation to do so Learn about the time value of money - you're doing Sallie and Fannie a favor they don't deserve)
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Completely? No. But it was a huge stress relief when I paid off all my credit cards, and just recently the car loan. It didn't remove any of the other day to day stresses, such as the job or the coworkers. But it was nice.
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I think it was Trevor Noah who talked about what it's like when you do get everything you want, only to find you have the same feelings of loneliness, emptiness and ennui--and nothing tangible to blame it on.
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It's such garbage. It makes debt some kind of moral failing, rather than a way to manage credit and liquidity.
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I'm sure his stress and anxiety is sincere, but he has to get over that and not project it onto other people.
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Postponing your life so you can have a life later is a fool's bargain.
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I mean, it’s a big monthly payment and knocking it out as fast as you can means paying less overall; on the other hand, there’s a big difference between “let’s each work 5 extra hours a week and order out less and maybe pay this off in 5 years” and what this dude is proposing.
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If the debt is manageable, it's manageable. If it's not, killing yourself working to pay it off isn't going to help
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If you spend all your money paying down debt, what happens when you need new tires? Or when someone gets sick and has to take leave from work? Or the roof starts leaking? You go into debt to cover it because you have nothing in savings. It's a cycle that just perpetuates itself
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It's a weird thing that the Dave Ramsey types talk about intentionally carrying debt even when you could theoretically pay it off as "addiction" and "delusion" even though in the business world it's what every successful business does
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