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Montana | There is a lot of good points for both sides in this thread. It's empowering when your over leveraged and down in the trenches and work your way out. But years pass by quickly and that lifestyle gets old. If you look around it becomes obvious who's a slave to the system and who isn't. I think there's a lot to be said about financial responsibility. The irony is the people who took risks at the right time to build their landholdings enabled the next generation to reap the rewards and be debt free.
It's too easy to buy equipment on time imo. It's a lot harder to stroke a check when you can get along without. At this point in time it doesn't bother me to have one equipment loan at a time tho.
That being said I think pivots and real estate are the only thing worth being in large amounts of debt over.
Mostly tho, it drives me nuts going to talk to mommy and daddy ((the bank,) not my actual parents) at the end of the year. It's just nice being your own man.
Edited by 32 wcf 12/2/2020 23:17
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To get clear out of debt or not.
