How to pay off your debt ( for moneymaxxers and poorcels )

[HOLYFUARK]

 

[currylover]

An ounce of prevention is worth a pound of cure. Don’t take loans out for school or discretionary spending.

 

[eduardkoopman]

Kanye was 53 mil in debt.

Debt doesn’t matter

 

[micropenis29]

Kanye was 53 mil in debt.

Debt doesn’t matter

too much debt matters

because it prevents you from going even more deeply into debt!

 

[micropenis29]

That’s why you be good goy for a year and pay all debt then they will give you unlimited credit cards

yes

if your only constraint is more funds, then always pay off the minimum amount required to access as much additional credit as possible

repeat this process indefinitely for optimal growth!

There’s nothing stopping me from buying 100k worth of surgeries and just moving to a third world country and never paying it off

what's stopping you is that you'll lose future access to valuable creditors!