"You will feel so much better when your debt is paid off." Your emotional feelings around money are not my emotional feelings around money. My 3-4% debt does not weigh on me. The right financial plan should consider YOUR feelings, no one else's.
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@camp_wealth Theres always a more than one size fits all answer for people. Sometimes you optimize for dollar signs, and other times, you optimize for your feelings.
@camp_wealth This is a great point @camp_wealth $100k of student debt kept us up at night. $1 million of real estate debt helps us sleep better at night. Every person has to do what makes sense for them.
@camp_wealth Some people hate having any kind of debt. Others simply view it as part of their required monthly spending. As long as it isn't credit card or other super high interest debt, do what works for you!
@camp_wealth All debt isn't equal, and your debt can 100% be in service to larger goals Nobody would own a house without taking on significant debt, and starting businesses/increasing education becomes more difficult
@camp_wealth That's why the answer is never straightforward when people ask me the invest vs debt question. It really depends.
@camp_wealth Some people can stomach debt, others can’t. All depends on your risk tolerance.
@camp_wealth True, almost nobody should pay-off LT fixed debt at 3%. BUT, as you get older, the health benefits of good sleep are indisputable. Most people sleep better when they lower debt. It's not about my feelings. Cheers.