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   Ennui (iwillbite@whinge.town)'s status on Monday, 28-Oct-2024 09:53:25 JST Ennui
   Maybe just being in debt is part of adulthood?
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     The MILF Messiah (lunarised@whinge.town)'s status on Monday, 28-Oct-2024 09:53:24 JST The MILF Messiah

     in reply to
     @iwillbite nope. Debt should be for 2 things.... a mortgage and education (things that are investments to lower your expenses or raise your income)
     
     I obviously don't want to give financial advice, but all the people I see whine about money or muh capitalism, are people that are poor consumers, or see debt as money
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     Chuck (chuckar@poa.st)'s status on Monday, 28-Oct-2024 10:06:48 JST Chuck

     in reply to

     • The MILF Messiah
     @lunarised @iwillbite In our country where our central bank purposefully drives high inflation, unfortunately it is a good idea to hold debt. If a bank gave you a loan at 2.5% and the Fed's hyperinflation is around 7%, it makes sense to pay that debt back as slowly as possible. Personally, I wish it weren't this way, but our government has set up an economy that punishes savings and rewards debt, because both get devalued by inflation.
     The MILF Messiah likes this.
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     The MILF Messiah (lunarised@whinge.town)'s status on Monday, 28-Oct-2024 10:06:48 JST The MILF Messiah

     in reply to

     • Chuck
     @Chuckar @iwillbite I understand your point. I have interest free student loans because of that, but that's only the case when incomes match inflation. You need to be in a position where you can pay off your debt. Unless you're in Argentina, it's unlikely a good idea to hold debt in my personal al opinion. Savings aren't good anymore for the reasons you described, but I'm a fan of stable stock investment, with some money in a term deposit and some in metals
     
     Just me though. I really dislike debt, as it's a noose around your neck afterall
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     The MILF Messiah (lunarised@whinge.town)'s status on Monday, 28-Oct-2024 10:17:10 JST The MILF Messiah

     in reply to
     @iwillbite you are not making that money back as a teacher. You're probably not even paying the interest back with your extra pay, which means it's a bad investment
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     Ennui (iwillbite@whinge.town)'s status on Monday, 28-Oct-2024 10:17:11 JST Ennui

     in reply to

     • The MILF Messiah
     @lunarised I want to get into debt for education tho
     
     I think it’ll be beneficial
     
     I think I’m just stressed with how long it’ll take me