I agree. Debt is a liability that most don’t fully consider. We made the decision to pay off our home early before we even bought one. This meant that we bought a home in a price range that would allow us to do so. We drove reliable used vehicles that were paid for. We essentially lived a lot “poorer” than we really were. We saw what happened to those that were highly leveraged In the wake of 2008, and wanted to prevent that from ever happening to us. We made our last mortgage payment in 2022…11 years after having bought our house. Could we have been further ahead by leveraging ourselves more? Possibly….but with things the way they currently are, I’m very happy to be going into this debt free with money in the bank. Our income is now 100% ours to do with as we choose. Money is far more about behaviour than it is math.
I have no CC debt and was able to save close to 50k in 18 months. Not by investing but by soley living way below my means driving an old clunker, down grading my phone plan ($99/yr) with Freedom mobile and getting a flip phone. It can be done if your serious about it
