Jul 23 • Question about loans? ask away
Being Debt Averse
Hey all,
My entire life I have been extremely debt averse.
I chose to go to state college because I didn't want to take out much in student loans.
When I bought my car I paid it off in 4 months.
I financed a new furnace/AC unit and did a 12 month no interest loan that I paid off in 5 months.
I have never paid a cent of credit card debt.
Besides my mortgage, I only have about $8,000 in debt (all student loans still).
I have always been extremely tight knit with my finances, which is funny because if you saw my portfolio I would be considered super high risk lol. It seems to have worked so far, but I am also wondering if this is the right way to do things?
Phrased another way... What are the benefits and drawbacks to my debt averse approach? Am I missing something?
Thanks in advance for any insights!!
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Being Debt Averse
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