Quote:
Originally Posted by Taittinger
Carrying debt is a part of modern finance. Those who do not include it are short-changing themselves in more ways than they think. Debt is an accepted and required reality of finance. If you do not have it you have no financial clout. That is not to say one should over-extend themselves.
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Yes, it is part of modern finance, but I avoid it at all cost. I pay everything off. A friend of mine think I'm stupid (yeah really) since I'm not leaveraging my mone. The only loan I have is my house loan. I paid my 15 year mortgage in 12 years. All cars are paid for. My credit score (last I check) was 847! I think I'm doing something right!
Gary