this post was submitted on 20 Oct 2023
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Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

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[–] Art3sian@lemmy.world 7 points 1 year ago (9 children)

ITT: few people having any clue what the difference is between good and bad debt, or that debt is basically essential to creating wealth.

[–] randomdeadguy@lemmy.world -3 points 1 year ago (2 children)

Wealth is not created, it is taken.

[–] patchw3rk@lemmy.ca 1 points 1 year ago (1 children)

You literally create wealth at your job.

[–] randomdeadguy@lemmy.world -1 points 1 year ago

actually, I am unstable and an incredible liability. If anything, I am a wealth-shrinking entity, like the common household Offshore Tax Shelter. Beware my economic hoodoo.

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