Quote:
Originally Posted by TheDoc
Our School loans aren't debt, they're investments of a different type. Unless you want to count stocks, bonds, etc as a debt because you don't have the money.. outside of killer interest rates, it's an ongoing investment that is paying off very well and growing.
Let's be a little realistic too.. the total cost of living for many of those that are debt free in this post is lower than our monthly food bill, which kinda explains why they're able to live the life style they do.
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School loans are debt just like a mortgage is. Although both are typically considered "good debt" as opposed to "bad debt" like credit cards or medical bills. Good debt has a purpose and hopefully a gain at the end.
How exactly are stocks and bonds a debt? Debt is when you owe money. What debt do stock and bond holders have?
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