this post was submitted on 12 Dec 2023
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Asklemmy

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An example: for me, I'd happily go into debt to travel, or make sure my son has a good education.

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[–] [email protected] 55 points 1 year ago (4 children)

A cure to whatever the heck is wrong with me! Hell, even a diagnosis would be nice...

[–] ericbomb 39 points 1 year ago (1 children)

Would be a lot nicer than the current system of "go into debt for doctor to shrug at me"

[–] [email protected] 4 points 1 year ago (2 children)

I'm in Canada. I'm just going broke for my inability to work, not from medical bills.

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[–] Num10ck 4 points 1 year ago

might not hurt to provide one of those new AI a rundown of your subjective and objective info and ask for treating diagnosis

[–] GR4VY 4 points 1 year ago

Understandably!

[–] cheese_greater 2 points 1 year ago

What do you think is wrong with you?

[–] captainlezbian 38 points 1 year ago (2 children)
[–] distantsounds 13 points 1 year ago

Did that at the end of 2006, and it’s still the single worst decision of my life. If only I waited another year and a half…

[–] GR4VY 4 points 1 year ago
[–] [email protected] 20 points 1 year ago (1 children)
[–] [email protected] 1 points 1 year ago (3 children)

Dare I ask why? That's an inheritance nightmare.

[–] Bashnagdul 4 points 1 year ago (1 children)

Why would it? Give away everything else you own, go into debt and die ... Seems easy enough

[–] [email protected] 1 points 1 year ago (1 children)

Except you'd be dying with unfinished debt. There is a reason (however misguided) that burial/cremation services post-humously extract money from the possession of the dead. Some cultures are so in debt that this is how debt slavery arises, the next of kin of the deceased must (legally-speaking in their nation, not morally) pay it off with their services. Not to mention debt is one of the (several) reasons why legal systems oppose self-destruction.

[–] Bashnagdul 2 points 1 year ago

That's probably not the most common system.

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[–] RBWells 18 points 1 year ago

A house, because we were paying rent anyway. My car, it's paid off now and I couldn't have made as much $ without it.

But we are up to our eyeballs so it would have to be something incredible. A business with no possibility of failing, maybe.

[–] [email protected] 17 points 1 year ago (2 children)

I'd go into debt to give anyone $100 every time they kicked Spez in the balls

[–] [email protected] 5 points 1 year ago

I'll do it for $25 and some food. Deal?

[–] [email protected] 1 points 1 year ago

What if the debt was to Spez?

[–] [email protected] 17 points 1 year ago (2 children)

I'm actually pretty happy with my mortgage. I got a good deal in 2013 and refinanced to a 15yr at 3.25% a couple years ago. It's the definition of "good debt" because inflation and my home's value has way out paced the interest.

[–] GR4VY 8 points 1 year ago (2 children)

Man, if I could've purchased a house in 2013 I would've. I was graduating high school though lol

[–] [email protected] 6 points 1 year ago (1 children)

I know I was super lucky. I look at home prices today and what it would take for me to get there and just shake my head.

[–] GR4VY 3 points 1 year ago (1 children)

I've given up. The interest rates are ridiculous, and home prices where I want to live (anywhere in the western USA pretty much) are insanely inflated.

[–] [email protected] 1 points 1 year ago

There are some deals to be had, but you're buying in high crime and impoverished areas or in rural areas and you have to hope development will follow.

[–] [email protected] 2 points 1 year ago

OMG. I got 8.95% for a 25yr mortgage and it was an awesome deal. Market was about 13.5%. Your numbers are really just free money from where am standing.

[–] [email protected] 14 points 1 year ago

Nothing. I hate debt. I have a house payment as for me it is a better deal than rent, but i'm not happy. I'll probably get a car loan when the id.buzz comes here, but i'll hate it.

Debt that makes money work for you is okay, but most doesn't do that and is a bad deal. I have no interest in running a business, and if you don't make money because of it, debt cannot work for you. (I.could pay cash for a.tiny home in middle of nowhere places that I prefer not to live)

[–] [email protected] 9 points 1 year ago (2 children)

A 1way trip to another planet (with survival essentials and at least 20 other people).

[–] [email protected] 8 points 1 year ago

Bold of you to assume Collections still won't try to come after you.

[–] GR4VY 5 points 1 year ago (2 children)

Very interesting. Are we to assume this planet could support life?

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

I would assume "survival essentials" are enough for the planet in question, and not just a sleeping bag and beef jerky

Edit: before anyone argues, it CAN include a sleeping bag and beef jerky.

[–] [email protected] 2 points 1 year ago (1 children)

Not necessarily Earth-like. A lunar or martian outpost would be enough. Enough water, food, and air for 50+ years.

[–] GR4VY 2 points 1 year ago

If I didn't have earthly attachments (child), I'd ask to be part of your 20.

[–] RGB3x3 8 points 1 year ago

If my daughter were to need any medical procedure, I'd take on as much debt as necessary. I don't give a fuck, I'm getting her fixed no matter what.

[–] [email protected] 8 points 1 year ago

sorry. im never glad about it. more like what am I willing to go into debt for.

[–] [email protected] 7 points 1 year ago (1 children)

Get my hernia fixed. Unfortunately, the surgical theater requires me to pay up front.

[–] GR4VY 4 points 1 year ago (1 children)

I know the world is full of people with similar issues, but I wonder if you're my best friend πŸ˜… you speak like him, and he also has a hernia needs fixing.

[–] RizzRustbolt 2 points 1 year ago

God gives his worst hernias to his kindest polymaths.

[–] RizzRustbolt 5 points 1 year ago

Getting my mom out of debt.

[–] [email protected] 4 points 1 year ago (1 children)

I mean, no matter what anyone is getting out of it, it would be theft if I could never pay it off. In which case I guess I'd go into debt if it meant curing other people of their own debt.

[–] GR4VY 2 points 1 year ago
[–] [email protected] 3 points 1 year ago

World dominance.

[–] [email protected] 2 points 1 year ago

Travel for me too, so we're currently going into debt traveling. It's pretty sweet.

[–] [email protected] 2 points 1 year ago

A home, for sure.

Expanding my business a bit would be reasonable.

Probably a car, even though it's not always financially a great idea.

Any other big purchase that would enrich my life in some way (for example, broadening my education, getting a piano, traveling, putting together a family, etc.)

[–] [email protected] 2 points 1 year ago
[–] [email protected] 1 points 1 year ago

Buying land.

[–] [email protected] 1 points 1 year ago (1 children)
[–] [email protected] 4 points 1 year ago

New from Olive Garden!

[–] Num10ck 1 points 1 year ago

bridging receivables