@Tfmonkey I am listening to the sat show and I am on the part where you are telling a guy to pay off his debt asap, why would you tell someone to pay off their debt asap if inflation is already destroying their debt, and we have hyper inflation on the way. if someone has credit card debt sure pay it off asap but if they have mortgage or car loan or student debt, then why pay that asap, makes no sense. also you cant get rid of student debt by filing for bankruptcy.
so why???
@37712 In the interest rate is below the inflation rate, and you can easily afford the payment, and you're not hard up for additional income, go ahead and pay the debt slowly.
If you are looking for additional monthly income, paying off debt can be a good way to add some money into your pocket.
@Tfmonkey thank you, you got me worried there for a moment that I might be doing something stupid by not paying my debt asap. yes all my payments are low and I can easily afford them so I am not hard for cash.
@MrpoopyButhole @Tfmonkey where is my diploma
@Tfmonkey ok, I have an investment question for you.
in my case I have student loan debt and car loan debt and hopefully if I make enought money on my UNG and BCI I will be able to get a mortgage in 2024, all of this debt is long term and will most likely get wiped out by inflation, why do you think that I should pay my debt asap? also I have no credit card debt, all of my debt/loans have been started with a decent down payment and low interest rate to keep the monthly payments low.