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photon · 05-01-2006, 02:44 PM

Debt is good. But you need to read the rest of my statement... Could be summed up as "Good debt is good."

Debt is only good if that debt is working for you in some way. Debt should be offset by assets. an iPod or consumer crap aren't assets; they don't increase (or maintian) their value and they don't earn you income.

Most people don't look at their lives as a balance sheet, and they should.

But I agree, you have to be disciplined and ensure that you balance between saving for the future and living for now. With our stuff most of what we earn goes back into investing (saving for the future), but we always make sure to pay ourselves something; some sort of reward for good behaviour.

05-01-2006, 02:44 PM	#60
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	Debt is good. But you need to read the rest of my statement... Could be summed up as "Good debt is good." Debt is only good if that debt is working for you in some way. Debt should be offset by assets. an iPod or consumer crap aren't assets; they don't increase (or maintian) their value and they don't earn you income. Most people don't look at their lives as a balance sheet, and they should. But I agree, you have to be disciplined and ensure that you balance between saving for the future and living for now. With our stuff most of what we earn goes back into investing (saving for the future), but we always make sure to pay ourselves something; some sort of reward for good behaviour. __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.