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Personal Finances / Credit Cards and Consumer Debt
|Subject: Unemotional tie to debt?||Date: 4/6/1999 4:14 PM|
|Author: Mei2||Number: 8419 of 309667|
Wanted to pick your brains...
I recall reading similar questions ("should I invest now or pay off debt?"), so please direct me to former posts if you feel those would help answer my question.
After I finish paying off my credit card debt (shooting for September 1999), I was planning on channeling those monthly payments ($300) toward my student loan payments.
However, an acquaintance suggested that I not have an emotional tie to my debt (i.e., "debt is bad, I must pay off as soon as possible," "Oh, let me be free of my student loans!" etc.) and that instead of channeling the $300 extra towards student loans, to plunk it into the market.
His reasoning: I would be better off in twenty years (the length of