Comments on: Debt is still debt http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/ Personal finance, commentary, and spending less the easy way Thu, 18 Mar 2010 06:14:12 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: mbhunter http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/comment-page-1/#comment-3420 mbhunter Sun, 18 Jun 2006 00:50:26 +0000 http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/#comment-3420 THC, I agree. I'm doing a little of both. NinjaPigeon, yes. Magical is a good word! THC, I agree. I’m doing a little of both.

NinjaPigeon, yes. Magical is a good word!

]]> By: Andrew http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/comment-page-1/#comment-1876 Andrew Mon, 15 May 2006 21:59:52 +0000 http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/#comment-1876 Debts are not created equal. Paying your mortgage off faster versus saving the difference for emergencies or other investments could prove to bite oyu back. That of course depends on if you have no emergency savings. Make sure you are prepared for a financial crisis before sending more money off to the banks coffers. Debts are not created equal. Paying your mortgage off faster versus saving the difference for emergencies or other investments could prove to bite oyu back. That of course depends on if you have no emergency savings. Make sure you are prepared for a financial crisis before sending more money off to the banks coffers.

]]> By: John M ( Adult ADD and Money) http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/comment-page-1/#comment-1875 John M ( Adult ADD and Money) Mon, 15 May 2006 16:44:47 +0000 http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/#comment-1875 The argument seems like a risk tolerance debate. From reading other posts it seems that in many areas you have a low tolerance for risk. If you are able to sleep at night, then the POTENTIAL gains that you are giving up are worth it. The argument seems like a risk tolerance debate. From reading other posts it seems that in many areas you have a low tolerance for risk. If you are able to sleep at night, then the POTENTIAL gains that you are giving up are worth it.

]]> By: thc http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/comment-page-1/#comment-1870 thc Sun, 14 May 2006 14:57:30 +0000 http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/#comment-1870 John: Since mortgage money is cheap and the interest tax-deductible, couldn't you invest at a higher rate of return than what you save on your mortgage? Besides, in a personal financial crisis, money in the bank is better than a paid-off mortgage. John: Since mortgage money is cheap and the interest tax-deductible, couldn’t you invest at a higher rate of return than what you save on your mortgage? Besides, in a personal financial crisis, money in the bank is better than a paid-off mortgage.

]]> By: NinjaPigeon http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/comment-page-1/#comment-1869 NinjaPigeon Sun, 14 May 2006 12:16:20 +0000 http://www.mightybargainhunter.com/2006/05/14/debt-is-still-debt/#comment-1869 I agree with you on that. I hate having debt. Even though my student loans are at 3.65%, I want them gone! However, you still have to make sure you don't pay too aggressively on low fixed-rate debt. I made about 15% on my 401k last year, for instance. If I'd spent that money to pay down my student loans instead, in the long run, I'd have less net worth. Although there is something magical about not having any debt ;) I agree with you on that. I hate having debt. Even though my student loans are at 3.65%, I want them gone!

However, you still have to make sure you don’t pay too aggressively on low fixed-rate debt. I made about 15% on my 401k last year, for instance. If I’d spent that money to pay down my student loans instead, in the long run, I’d have less net worth.

Although there is something magical about not having any debt ;)

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