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

Seth Godin’s Blog on marketing, tribes and respect
— Read on seths.blog/2019/06/the-tyranny-of-small-debts-compounded/

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.

Comments are closed.

%d bloggers like this: