tag:blogger.com,1999:blog-32639162.post1285783484329904381..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: Good Debt Myth DebunkedSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32639162.post-55187045493613191602011-11-21T10:03:59.881-05:002011-11-21T10:03:59.881-05:00In the current climate there is no insentive to sa...In the current climate there is no insentive to save the money. I recently did some calculations and the results are very much frustrating, to be brutally honest. Have a look yourself - they are all published.<br /><br />If you invest $ 40, 000 a year over 35 years, at modest inflation rate of 2% and administration fee of 1-2% you need stock market to perform at 4% just to preserve value of your money and higher to gain anything. <br /><br />This means that you are only preserving money you are investing at a very high risk. So it is just plain wisdom - is there a point to be frugal and try to save, if you ended up loosing money? <br /><br />Feeding financial industry or living your life in full now?Financial Independencehttp://www.niterainbow.comnoreply@blogger.comtag:blogger.com,1999:blog-32639162.post-71272407013987793122011-11-13T01:15:00.518-05:002011-11-13T01:15:00.518-05:00I agree with you that the title of "good"...I agree with you that the title of "good" debt is somewhat misleading, but student loans (perhaps) and housing loans are infinitely better than consumption debt.Kimhttps://www.blogger.com/profile/01862456555843381366noreply@blogger.com