RE: Personal Finance: Debt-Free is the Only Goal That Matters. All Other Goals Are Stupid

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Personal Finance: Debt-Free is the Only Goal That Matters. All Other Goals Are Stupid

in personalfinance •  7 years ago  (edited)

I dont want to put a bunch of money into high risk investments instead of paying off my debt, that seems like a bad idea. I already have 1000 steem tokens which is plenty of investment for now.

Like you definitely could put a bunch of money into crypto and hope that it pays off, but, thats just not my strategy. Paying off $15,000 doesnt need to be a lottery, I'd rather pay it off with a slower and steadier approach. It sounds smart to just ride the "inevitable" crypto wave, but in my experience, this does not work.

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Understood. I lived for many years with lingering debt that caused me a lot of anxiety. My interest rates were high and my credit was lousy. But I got out. Being free of debt is the greatest feeling and I certainly don't want to detract from your efforts. I'm not even saying invest money in crypto. Just keep doing what you are doing and maybe this summer when Steem goes crazy you will be able to wipe that sucker out.