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Reply to "Dave ramsey"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My physical and mental health improved when my debt was eliminated. Some people--like me--are physically and emotionally burdened by debt and the worry that comes along with in ways you cannot imagine. Paying off my debt as a top priority was the right path for me.[/quote] These are emotional decisions, not financial decisions. If it makes you feel better, go for it, but don't pretend that you are following an effective strategy for maximizing wealth.[/quote] You may view "wealth" as solely numbers in accounts. I view it wholistically, as both financial security and being physically, mentally and emotionally healthy. If I were a multi-millionaire who had suicidal thoughts and couldn't get out of bed, I wouldn't consider myself to be wealthy.[/quote] Look up there in the top left corner. It says "Money and Finances.". "Emotional Well-being " is a couple of doors down on your left. Seriously though, this debt free thing is irrational.[/quote] Why is it irrational? I have no mortgage and just dumped 15k last month into investments and this was after max 401k and a lovely cash only vacation to Majorca (college is paid off for the kids already). Back in 2014-2017 and into 2018 once we realized the market was becoming unstable, I'm glad our "irrational" debt free lifestyle afforded us, in those years a 7 figure account. Not terribly irrational at all. We are 45 and living debt free has moved us much closer to no longer being wage slaves, but having our money do all the income generation.[/quote]
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