Can someone with a PhD help me on if I should hold cash instead of paying off debt at 27% apr?
I have 93k in debt and credit cards at 27% apr. Should I sell my stocks and use my cash savings to pay off my debt?
https://old.reddit.com/r/personalfinance/comments/16b5ttr/i_have_over_93k_in_debt_between_different_things/?sort=controversial
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How does someone who is seemingly literally r-slurred even manage to save up the ~$46,000 he has in savings?
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I work in IT and make shit. A surprising number of people making a lot of money are idiots. 75% of them it makes sense why they make the money. The rest are idiots.
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I am Bimothy
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IT boys are typically pretty good with money, if only because every second one lives in front of the computer outside of work too. It's doctors and lawyers that are the most r-slurred. A lot of them tread water until their mid forties and then retire with about the same wealth as a frugal electrician.
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Doctors and lawyers attract the "work hard, play hard" types, and it's expensive to play hard. Also, those fields attract gold digger wives.
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Lifestyle creep is a tough mistress
no I didn't read the post
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Easy just buy shit on credit and then only pay the minimum payment. He's like the perfect customer.
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