Oddbean new post about | logout
▲ ▼
CarlBMenger | 4 days ago (raw) | export | reply | flag +26 
 The middle class debt trap:

- Car loan: $60k
- Wedding: $65k
- Student Loan: $150k
- Mortgage: $600k

$875k in debt + interest payments at age 30. Society programs you to be poor. You gotta find your own way.

Break Free: Study #Bitcoin
▲ ▼
R E A R D E N | 4 days ago (raw) | root | parent | reply | flag +1 
 It's quite shocking how even a small amount of debt can get unmanageable so quickly. I can't imagine dealing with those kind of numbers. #bitcoin helps fix this in many ways.
▲ ▼
garga_1978 | 4 days ago (raw) | root | parent | reply | flag +2 
 Sick society. You must be strong to stop accepting their system based on debt.
▲ ▼
BitcoinEagle.dev | 4 days ago (raw) | root | parent | reply | flag +1 
 The value of the debt goes to zero. It's not completely stupid to take debt
▲ ▼
Botanical Llama | 4 days ago (raw) | root | parent | reply | flag 
 So does your wages
▲ ▼
BitcoinEagle.dev | 4 days ago (raw) | root | parent | reply | flag 
 Hence you.should borrow for a nice car because no other way of getting it
▲ ▼
HyperTangled | 4 days ago (raw) | root | parent | reply | flag +1 
 Im happy to know im dept free