Quote:
Originally Posted by BWillie
You should never be debt free due to tax purposes, inflation, and the opportunity cost of tying that money up that can be otherwise used as an investment.
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That's the dumbest advice Ive ever heard.
You should always try to be debt free.
The exception is if you can borrow money at 3% and get a guaranteed return great than the rate you borrowed at, go for it.
To carry debt just for tax purposes is assinine.