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RE: What Are You Willing To Go Into Debt For?

in #writing6 years ago (edited)

I was told years age to NOT pay off my house, that it was better to let the bank carry the note. When the company I worked for was sold in 1992 all of my retirement accounts were up for grab if I paid the tax penalty. I was told this is a dumb thing to do. Home prices were going up 3x to 5x so I took my retirement paid off my mortgage and have lived debt free over since. I have more than made a profit by doing this, and the peace of knowing I was free of debt is freeing....
I know debt is unavoidable, my sons are just starting out in life and this is what it is to get there home etc.
RESTEEMED

PS I didn't go into debt for our wedding ,but I did sell my very first Krugerrand to pay for her wedding dress (:

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thx for the resteem:)!