Quote:
Originally Posted by 8sPOT
At the end of the day, having zero debt beats having any debt at all.
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Usually, but not always. We paid off our mortgage 18 years ago and years later borrowed it back to invest. It's tax deductible and we generally do much better than the interest rate, particularly the after-tax rate.
There is good and bad debt. Debt to buy a house and to grow a business generally are examples of good debt.