An example: for me, I’d happily go into debt to travel, or make sure my son has a good education.

  • phanto@lemmy.ca
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    11 months ago

    A cure to whatever the heck is wrong with me! Hell, even a diagnosis would be nice…

  • Kalkaline @leminal.space
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    11 months ago

    I’m actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It’s the definition of “good debt” because inflation and my home’s value has way out paced the interest.

      • Tolookah@discuss.tchncs.de
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        11 months ago

        I would assume “survival essentials” are enough for the planet in question, and not just a sleeping bag and beef jerky

        Edit: before anyone argues, it CAN include a sleeping bag and beef jerky.

  • RBWells@lemmy.world
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    11 months ago

    A house, because we were paying rent anyway. My car, it’s paid off now and I couldn’t have made as much $ without it.

    But we are up to our eyeballs so it would have to be something incredible. A business with no possibility of failing, maybe.

  • bluGill@kbin.social
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    11 months ago

    Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i’m not happy. I’ll probably get a car loan when the id.buzz comes here, but i’ll hate it.

    Debt that makes money work for you is okay, but most doesn’t do that and is a bad deal. I have no interest in running a business, and if you don’t make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)

  • donuts@kbin.social
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    11 months ago

    A home, for sure.

    Expanding my business a bit would be reasonable.

    Probably a car, even though it’s not always financially a great idea.

    Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)