News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source. Clickbait titles may be removed.
Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.
7. No duplicate posts.
If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners or news aggregators.
All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
I mean, they're right. I also have lived well within my means. Total commitmentphobe for finances.
But if I had gone into debt, invested the money in real estate or even stock market, I would be in a much better place. In hind sight, of course.
Those are the rules of this economy. It sucks ass, but there's no denying it.
I agree to a point. I don't think it's true that going into debt is always a good idea. Yes, the system is fucked up, but part of that fuckedupedness is inconsistency.
No one is saying it's always a good idea. But good financial planning for life requires planning to take on debt based on what you need near term, but can plan to afford long term.
For example, if you buy a house and take out a mortgage you will have a monthly payment that might be equivalent to rent. But unlike rent, you can sell the place you live and recoup the value of the house you own because you took on debt. But on the flip side you can plan that wrong and be house poor where you can afford your mortgage but have no money for the rest of things you need to do in life.
I mean, of course I'm not advocating maxing your credit on meebos or whatever frivolous spending floats your boat. The way you phrased it, it's obvious that your elders meant going into debt to invest in your future.
Frankly, I'd argue my "elders" have nary a clue at this point. I've yet to see how spending money one doesn't have helps anyone but corporations.
I mean, you can continue to rent for the rest of your life, paying money to a corporation every month, if that's your prerogative. Isn't very smart, though.
So you can use and enrich corporations for smart phones, buying groceries, paying for transportation, your electronic payments, insurance, etc. But draw a line in the sand for loans to better your life whether it's education, home ownership, or car ownership?
If you have to go into debt to afford something, then by definition, you can't actually afford it. If I need to buy a car, I buy one with the cash I have available to purchase a car. I don't rely on a bank to give me money I don't have to make a purchase that I couldn't otherwise afford.