The debt-free mentality is largely the product of emotion - how nice it would be to never make a mortgage payment again. Good debt gives you some leverage that helps you increase your net worth.
More Quotes from Phil Cook:
If you add this chemical to that chemical, you will get this result.Phil Cook
With school and a tight budget in mind, her approach to money will be her biggest obstacle, ... She really needs to ignore to the extent possible the perceived money everyone around her is making.
Phil Cook
1.) Ensure you can afford to repay the debt. That means keeping some emergency money liquid. I think living without any debt whatsoever is neither wise, nor practical, ... But if you're going to take out a loan, you must have emergency cash reserves.
Phil Cook
With techs, The horse is out of the barn, OK ... Well, fine. Does that mean you sit there and leave the barn door open, waiting for the horse to come back in
Phil Cook
You are to be commended for aggressively putting money into your 401(k) accounts, ... Do not stop doing this.
Phil Cook
I see lots of emotion in her financial decisions, ... This will hurt her in the long run.
Phil Cook
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