The tyranny of small debts, compounded | Seth’s Blog

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It look me a long time to come to terms with bad debt. First it was a credit card in college. I got lucky and found a high paying sales job in my twenties. I was barely smart enough to focus on paying off my credit cards. Then I made a super bad decision to buy a home in Phoenix in late 2006. I was underwater within 6 months and only got out of that by short selling and ruining my credit. Since then I got lucky and married a woman with great financial sense and good credit. My focus since then has been to only buy what I can pay for and save as much as possible. There is a slight chance we will retire early but at a minimum we won’t be stuck in the debt strangle. The elephant in the room is health care costs so we do our best to stay healthy and have decent insurance.

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