Quote:
Originally Posted by bizaro86
I bet most of the 18-24 year old's in the study don't have a mortgage, and figure they'll have their student/car loans paid off by then. People don't think long term, and probably don't realize they'll end up buying into the middle class lifestyle just like thier parents.
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Yes and no.
My goal is to be debt free by 35. It means specifically credit card, credit line and student load debt gone. By my account, I'm a couple years ahead of that goal (woot!).
I also have a mortgage. But I don't consider it "debt" - it's a cost of living and certainly not an investment.
I don't quite understand the mentality of the people who use their credit card for purchases that they don't have the money for. I did that in my early twenties and am still paying for it. Never again.