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/biz/ - Business & Finance

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57322417 No.57322417 [Reply] [Original]

Is there really any point in being debt free? I have $8k left on my car and $14k on my student loans, both at 5%. I could pay them both off by the summer if I wanted to. Is there any point or should I just invest?

>> No.57322442

>>57322417
if you can get more than 5pct then invest.

>> No.57322466

>>57322417
dont pay it off. biden will forgive the 14k. inflation will raise te value of your car and make it worth more than you owe. apply for a mortgage

>> No.57322494

Small debts with low interest rates aren't super concerning. Building capital >> paying off debt early. But keep working to pay it off regardless.

>> No.57322557

>>57322417
Just hold onto that debt, peasant slave euro.

>> No.57322565

>>57322442
>>57322494
Thanks.
>>57322466
Why a mortgage? I don’t plan on staying in my current city more than a year or two. I don’t want a house either so it’d be a condo (assuming you mean get mortgage and live there).

>> No.57322896

>>57322442
Don't forget the tax on the investments.

>> No.57322933

beans on toast.

>> No.57322952 [DELETED] 

Alright, $600/month.

>> No.57323142

>>57322933
he made a video! find the video!

>> No.57323152
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57323152

>>57322933
the bread is expensive too!

>> No.57323245

>>57322442
I always laughed at saylor but I kinda get him now. You want a guarantee which is what bitcoin is. Also you don't want to invest your personal money since that could be used on your main business. So you just borrow money for a guaranteed >5% its pretty genius actually.