A Rant About Nuance in Debt Management (Stupid Debts and Their Doctors Part II)
Whether you think debt is a good tool for your future or if you're appalled by it, there's plenty of nuance about the idea of being in debt.
Debt is an important part of our financial system and a useful tool, but it can also lead to financial ruin while maintaining poverty. It can be great and destructive at the same time, and it should be looked at as a double-edged sword.
Whether you think debt is a good tool for your future or if you're appalled by it, there's plenty of nuance about the idea of being in debt.
Here are some appropriate times to use debt to your advantage in your financial life. The trick is to know when the risks are too great.
The One Big Beautiful Bill Act included a provision allowing you to deduct the interest on your auto loan. Should you now finance your car?
Rich people don't "manage" debt. They eliminate it. Not stupidly, but reasonably and consistently. It's a behavioral thing, not a math thing.
Here's my experience with a fairly aggressive amount of leverage (nearly $2 million), which would probably make most people uncomfortable.
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There are much better things to do with your time than hunting down 0% financing deals. Once quantified, they just look like clipping coupons.
Here are all the things that doctors should ponder before they sign their name to taking out a personal loan.
Do you even realize how leveraged your life is? If your debts are higher than your portfolio, you ought to consider paying them down.
You don't need to feel dumb or embarrassed about paying off your debt. Here are 10 reasons why it's actually a smart financial decision.
Get as mad at debt as I am! Do the math, make a plan, take control, and seize the life you want by paying off your debt FAST.
Medical school may not have taught you about money, but we will.
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