How One Couple Climbed Out of Debt and Became Millionaires in Their 30s

Re:How One Couple Climbed Out of Debt and Became Millionaire... by k__ on Wednesday June 03, 2015 @09:49PM (#9656983)

I see.

It just shocks me to see how people who make good money still get deep into dept.

Well, maybe it's just that I came from a poor family, where taking any credits was only done by people who are bad with money. I had a student loan of 4000€ and all I wanted to do was pay it as fast as possible.

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Re:How One Couple Climbed Out of Debt and Became Millionaire... by xsmasher on Thursday June 04, 2015 @01:53PM (#9660862)

Many people use credit to buy MORE than they need, and MORE than they can afford. A new car instead of a gently-used car, a larger house that just becomes a sink for their income.

That doesn't mean credit is bad - it can be used as a leverage to do more with less - but people with money problems tend to use both cash and credit badly.

If it was 25k in credit card bills from vacations meals out plus a 5k jetski loan, I'd be tut-tutting too.

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