Life and Money of an Ex-OFW
" If going into debt is the new normal, then I'd rather be weird."
I think for mortgage is ok to get into debt....as long as you can afford it. Best to get pre-selling or foreclosed (if you can) for lower costs. For cars, it is a super no-no for me. Unlike real estate, which can increase in value and you can earn passive income from i, cars do not. We're currently in a bit of debt, but the property pays for itself since we rent it out.But that's just me :)
As a listener of Dave Ramsey's show, "paid off mortgage" should be top priority after attacking consumer debts.It feels good to be "totally debt free". It's hard but doable and I am inspired not to take on loan "even if I can afford it". No NoNo.His exact words:"Debt is dumb; cash is king...and the paid off home mortgage has taken the place of the BMW as the status symbol of choice."
we will get there soon :) We don't have any consumer debts so that's one big check out of the top of the list.Maybe if I read more on this, it would have turned out differently.
You should listen to his podcast coz ma inspire ka talaga. He has segment wherein couple do " debt-free scream" and interview them how they do it and all. And whenever I hear them say " WE ARE DEBT FREE!!" I get goosebumps even though I've been listening to his show since forever. It's really inspiring andi highly recommend his podcast.
I'd love to hear from you. I read and appreciate all comments. :)