Current Events — HabitableZone

Current Events » in reply to A phase out of the housing deduction may be in order

Congratulations! You've figured out how to get ahead.

Paying off that house was the 1st step.

If more people lived debt free, more people would achieve their financial goals.

Debt is a tool. It can be used for good (financing a home, a business, a college education, etc...)

Or it can be used for evil (financing a frivolous lifestyle where true wealth is never achieved...Thus forcing one into a never ending paycheck to paycheck despair)

The Corporate tax code unfortunately also favors debt over equity financing...But that is a whole other discussion.

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