Re:I'm 25 years old and I am lost
by sosborn on Thursday August 14, 2014 @01:48PM
(#8178671)
>Never go into debt.
This is bad advice. Sure, don't go into debt that you can't properly service, but I've made some good money that started out as debt (large investments, etc).
Re:I'm 25 years old and I am lost
by sosborn on Thursday August 14, 2014 @02:30PM
(#8178988)
Sure, there was some luck (there was also some educated guesses involved) but I'm simply arguing against use of the word "never". Debt can be good if it is the right kind of debt.
Re:I'm 25 years old and I am lost
by genwin on Thursday August 14, 2014 @02:42PM
(#8179071)
Agreed on never. I recommend house debt, where there isn't enough cash and there's no obvious bubble, only because houses are almost sure to appreciate given inevitable population growth.
This is bad advice. Sure, don't go into debt that you can't properly service, but I've made some good money that started out as debt (large investments, etc).