Mailbag: Is It Bad To Be In Debt?

Because David loves listener questions so much, we wanted to end the year with a few more! For starters, Amy says she has never been in a hurry to pay off debt, never paid extra on her mortgage, uses a HELOC, doesn’t pay cash for cars, and doesn’t see a problem with it. Using debt has allowed her to use money for other things, including saving for retirement. Is that okay?

 

Here are the questions we discuss in this episode:

• Mailbag: I’m not in a hurry to pay off debt, is that bad?
• Mailbag: Due to a medical diagnosis, should I start Social Security right away?

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.