Comments on: How Good Debt Helps You Achieve Your Financial Goals http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/ Got goals? Need a push in the right direction? You've come to the right place! Thu, 24 May 2012 01:39:02 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Laurie Pawlik-Kienlen http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-9321 Laurie Pawlik-Kienlen Mon, 29 Mar 2010 16:14:09 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-9321 Miss Q, What an interesting lifestyle, to live in a camper trailer! I think it's a brilliant way to save money and pay off your debt -- because you're right: rents (and household bills) can be incredibly expensive. And, a friend of mine recently bought a camper trailer from the early 80s. She loves it, and it's in fantastic working condition. That's a good example of a "good debt": investing in something that gives you value and saves you money, which you can later sell. And, if you stay in one place and work close to where you live, you don't have to worry as much about the price of gas. So yes, I agree that the camper is probably better than renting while you pay off your other debts...and I hope you keep me posted on how it's going! Laurie Miss Q,

What an interesting lifestyle, to live in a camper trailer! I think it’s a brilliant way to save money and pay off your debt — because you’re right: rents (and household bills) can be incredibly expensive.

And, a friend of mine recently bought a camper trailer from the early 80s. She loves it, and it’s in fantastic working condition.

That’s a good example of a “good debt”: investing in something that gives you value and saves you money, which you can later sell. And, if you stay in one place and work close to where you live, you don’t have to worry as much about the price of gas.

So yes, I agree that the camper is probably better than renting while you pay off your other debts…and I hope you keep me posted on how it’s going!

Laurie

]]> By: Miss Q http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-9314 Miss Q Sun, 28 Mar 2010 14:16:27 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-9314 Laurie: RE: Debt. We are traveling for husbands work and cant afford a home just yet, we have some debt to pay and back taxes...we are looking at a very reasonably priced Airstream Camper Trailer to live in. Since we have to find overpriced Apartments every time we move and both cities of which we live have high Rents ~ is this bad move? We like Airstreams because of the resell Value is very good. 82% of all Airstreams are still in use from the 70's/80's. So if we only do it for 2-3 years, I think this is better than renting while we pay off our other debts yes? What do you think? Laurie:
RE: Debt. We are traveling for husbands work and cant afford a home just yet, we have some debt to pay and back taxes…we are looking at a very reasonably priced Airstream Camper Trailer to live in. Since we have to find overpriced Apartments every time we move and both cities of which we live have high Rents ~ is this bad move? We like Airstreams because of the resell Value is very good. 82% of all Airstreams are still in use from the 70′s/80′s. So if we only do it for 2-3 years, I think this is better than renting while we pay off our other debts yes?
What do you think?

]]> By: Laurie Pawlik-Kienlen http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-6207 Laurie Pawlik-Kienlen Thu, 20 Aug 2009 03:05:17 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-6207 I'm glad this article helped you see the difference between good and bad debt, Tracy! I find it fascinating that some financial experts don't agree that some debt is good. Suze Orman is one financial expert who does believe in good debt --- but she still encourages people to pay it off as soon as possible. Good debt is an invesment in your future. It can actually be a repeated investment (eg, buying a house, renovating it, paying it off, buying a more expensive house, updating it, paying it off, etc). This may not be the best economy to be selling houses...but it's a good time to buy...and get yourself into some good debt. By the way, this is not financial advice...it's just me thinking out loud... Laurie I’m glad this article helped you see the difference between good and bad debt, Tracy!

I find it fascinating that some financial experts don’t agree that some debt is good. Suze Orman is one financial expert who does believe in good debt — but she still encourages people to pay it off as soon as possible.

Good debt is an invesment in your future. It can actually be a repeated investment (eg, buying a house, renovating it, paying it off, buying a more expensive house, updating it, paying it off, etc). This may not be the best economy to be selling houses…but it’s a good time to buy…and get yourself into some good debt.

By the way, this is not financial advice…it’s just me thinking out loud…

Laurie

]]> By: Tracy http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-6205 Tracy Wed, 19 Aug 2009 22:33:11 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-6205 This is reassuring :) thank you! Wow, to think that there is a difference. I thought there is one definite view on debt. This helps! This is reassuring :) thank you! Wow, to think that there is a difference. I thought there is one definite view on debt. This helps!

]]> By: Mr. Charles' debt guide http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-5325 Mr. Charles' debt guide Mon, 06 Jul 2009 20:08:46 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-5325 Good job on pointing out that debt is simply debt. weither you think its good or bad, you still have to pay it off. Good job on pointing out that debt is simply debt. weither you think its good or bad, you still have to pay it off.

]]> By: Charles http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-5151 Charles Tue, 30 Jun 2009 02:34:29 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-5151 Rick, very good points. Job security is certainly a factor in a person's risk tolerance. And you are right about mortgage interest not being tax deductible in Canada. Canada in general is more risk averse than the U.S., and Canadians tend to carry a lot less debt. And the tax laws in Canada tend to reinforce this natural conservatism. Over time, this should mean a more stable financial system for the country. Rick, very good points. Job security is certainly a factor in a person’s risk tolerance. And you are right about mortgage interest not being tax deductible in Canada. Canada in general is more risk averse than the U.S., and Canadians tend to carry a lot less debt. And the tax laws in Canada tend to reinforce this natural conservatism. Over time, this should mean a more stable financial system for the country.

]]> By: Laurie PK http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-5149 Laurie PK Tue, 30 Jun 2009 02:32:47 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-5149 Thanks for this tip about mortgage interest -- I live in Canada, and would LOVE to deduct our mortgage from our taxes! Lucky Americans. And, yes, I agree that assuming good debt is easier if you're financially stable. But, the younger you are....the more financial risk you can take...and the more it can pay off! Thanks for this tip about mortgage interest — I live in Canada, and would LOVE to deduct our mortgage from our taxes! Lucky Americans.

And, yes, I agree that assuming good debt is easier if you’re financially stable. But, the younger you are….the more financial risk you can take…and the more it can pay off!

]]> By: Rick http://theadventurouswriter.com/blog/how-good-debt-helps-you-achieve-your-financial-goals/comment-page-1/#comment-5147 Rick Mon, 29 Jun 2009 23:59:38 +0000 http://theadventurouswriter.com/blog/?p=1991#comment-5147 Your job security would play into this as well. If I know my job is safe or I am employable I can assume a bit more debt. Housing costs ebb and flow but good areas will at least hold their value and bubbles aside, appreciate. Incidentally, mortgage interest is only tax deductible in the US not Canada. Your job security would play into this as well. If I know my job is safe or I am employable I can assume a bit more debt. Housing costs ebb and flow but good areas will at least hold their value and bubbles aside, appreciate. Incidentally, mortgage interest is only tax deductible in the US not Canada.

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