I think l am like many others here, allergic to debt. Never had any beside the house, and that first car, but only for a few months.
But I wonder as I age, what will happen if a sudden sickness or problem plunges me into a large debt, will i even know how to cope with that situation.
Has anyone else here lived a debt free life, then circumstances put a large debt burden on their shoulders? How did you handle it? Was it a mental adjustment? My concern is that I have never lived with debt, it may stress me out and i might make poor decisions.
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But I wonder as I age, what will happen if a sudden sickness or problem plunges me into a large debt, will i even know how to cope with that situation.
Has anyone else here lived a debt free life, then circumstances put a large debt burden on their shoulders? How did you handle it? Was it a mental adjustment? My concern is that I have never lived with debt, it may stress me out and i might make poor decisions.
Sent from my iPhone using Early Retirement Forum