stay out of debt, it's desperation and leads to your servitude.
No matter what you do, even if it means sleeping in your car, never go into debt.
stay out of debt, it's desperation and leads to your servitude.
No matter what you do, even if it means sleeping in your car, never go into debt.
Okay, Dave Ramsey. In all seriousness, debt is a financial tool and it's very useful. Why would you pay $250k for a house when you can pay $50k right now and use that remaining $200k to have you make money while you pay like $7k a year? Most yield systems will give you like 5%-8% in tradfi. There's a lot of defi these days that lets you get a lot higher: 10%-15% or so if you're safe and all kinds of varying degrees higher if you're willing to take risks. Sometimes you can even get like 90%. I can never understand how some people trust that shit though.
Okay, Dave Ramsey.
In all seriousness, debt is a financial tool and it's very useful. Why would you pay $250k for a house when you can pay $50k right now and use that remaining $200k to have you make money while you pay like $7k a year? Most yield systems will give you like 5%-8% in tradfi. There's a lot of defi these days that lets you get a lot higher: 10%-15% or so if you're safe and all kinds of varying degrees higher if you're willing to take risks. Sometimes you can even get like 90%. I can never understand how some people trust that shit though.
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