2y ago

What is something you'd gladly go into debt for?

An example: for me, I'd happily go into debt to travel, or make sure my son has a good education.

52 comments

A cure to whatever the heck is wrong with me! Hell, even a diagnosis would be nice...
- Would be a lot nicer than the current system of "go into debt for doctor to shrug at me"
  
  I'm in Canada. I'm just going broke for my inability to work, not from medical bills.
- Understandably!
- might not hurt to provide one of those new AI a rundown of your subjective and objective info and ask for treating diagnosis
- What do you think is wrong with you?
A house
- Did that at the end of 2006, and it’s still the single worst decision of my life. If only I waited another year and a half…
- Saaaame.
I'm actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It's the definition of "good debt" because inflation and my home's value has way out paced the interest.
- Man, if I could've purchased a house in 2013 I would've. I was graduating high school though lol
  
  I know I was super lucky. I look at home prices today and what it would take for me to get there and just shake my head.
- OMG. I got 8.95% for a 25yr mortgage and it was an awesome deal. Market was about 13.5%. Your numbers are really just free money from where am standing.
Euthanasia.
- Dare I ask why? That's an inheritance nightmare.
  
  Why would it? Give away everything else you own, go into debt and die ... Seems easy enough
  
  I just don't want to be here, that's all.
  As for inheritance, I'd need to have something to pass on, so this doesn't count.
A house, because we were paying rent anyway. My car, it's paid off now and I couldn't have made as much $ without it.
But we are up to our eyeballs so it would have to be something incredible. A business with no possibility of failing, maybe.
I'd go into debt to give anyone $100 every time they kicked Spez in the balls
- I'll do it for $25 and some food. Deal?
- What if the debt was to Spez?
Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i'm not happy. I'll probably get a car loan when the id.buzz comes here, but i'll hate it.
Debt that makes money work for you is okay, but most doesn't do that and is a bad deal. I have no interest in running a business, and if you don't make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)
A 1way trip to another planet (with survival essentials and at least 20 other people).
- Bold of you to assume Collections still won't try to come after you.
- Very interesting. Are we to assume this planet could support life?
  
  I would assume "survival essentials" are enough for the planet in question, and not just a sleeping bag and beef jerky
  Edit: before anyone argues, it CAN include a sleeping bag and beef jerky.
  
  Not necessarily Earth-like. A lunar or martian outpost would be enough. Enough water, food, and air for 50+ years.
If my daughter were to need any medical procedure, I'd take on as much debt as necessary. I don't give a fuck, I'm getting her fixed no matter what.
sorry. im never glad about it. more like what am I willing to go into debt for.
Get my hernia fixed. Unfortunately, the surgical theater requires me to pay up front.
- I know the world is full of people with similar issues, but I wonder if you're my best friend 😅 you speak like him, and he also has a hernia needs fixing.
  
  God gives his worst hernias to his kindest polymaths.
Getting my mom out of debt.
World dominance.
I mean, no matter what anyone is getting out of it, it would be theft if I could never pay it off. In which case I guess I'd go into debt if it meant curing other people of their own debt.
- Honorable.
Travel for me too, so we're currently going into debt traveling. It's pretty sweet.
A home, for sure.
Expanding my business a bit would be reasonable.
Probably a car, even though it's not always financially a great idea.
Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)
bridging receivables
Endless hookers
- New from Olive Garden!
Buying land.
Contentment.
My cat.
Another house
Gotta build passive income for retirement
- It is just another symptom of the system that makes affordable housing rare, not the root issue.

52 comments