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I'm a young college student living with family and I don't have credit nor do I want to. How comfortable of a life can I live without being a debt slave?

I'm a young college student living with family and I don't have credit nor do I want to. How comfortable of a life can I live without being a debt slave?

(post is archived)

[–] 3 pts

Good debt vs bad debt, learn it. Also, just because you have credit does not mean that you have debt. My Fico is 813 and the only debt I have is my mortgage.

[–] 2 pts

Didn't know there were good debts. Thanks for the informative post 👍

[–] 4 pts

There are no good debts. No fucking idea what he's talking about.

[–] 0 pt

An investment property that has cash flow is good debt.

[–] 0 pt

If your inflation is at 10% and you take a credit loan at 8%, that is excellent debt.

[–] 0 pt

Yes there are. If your money is not making you money then you are doing it wrong. Even your spending should be making you money. You are financially illiterate and should not wade into conversations that you have little knowledge about.

[–] 0 pt

Owing 52k on a 850k house is ok debt to have.