Getting out of debt is very liberating. However, I believe in 'good debt'. For example, You have $25k and need to buy a car. Are you going to use your liquid cash when you can use the bank's money at 1.9%? This is probably the only example of good debt that I can think of. It seems that even your mortgage is not an investment anymore. Property values in our county fell 4% last year! One of the biggest drops ever. And to think there was a day when your own property was a good investment.
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