Advice From The Experts: Investors' Philosophy On Debt


by Christian Stellakis on Sep 18, 2015 | Views: 2301 | Score: 0
% of investors that believe...
A certain amount of debt is necessary and acceptable if used sparingly70
Debt is a valuable tool for making your money work for you and should be taken advantage of14
Any amount of debt is bad and should be avoided13
No opinion3
Sources: gallup.com
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Christian Stellakis
Christian Stellakis on Sep 18, 2015 12:57 PM said:

An ancient proverb advised that it was better to go to bed hungry than wake up in debt. Does that reasoning still hold up today? Not quite, at least according to a recent Gallup poll which surveyed current and past investors on their philosophy regarding debt. The vast majority of those polled believe that debt isn't always a bad thing. Indeed, it can be quite a helpful financial tool, if handled properly.

Noah
Noah on Sep 21, 2015 12:47 PM said:

Also depends on the tax code. Right now our tax system encourages home ownership by allowing mortgage interest deductions. Without that deduction I'd be much more eager to pay off that debt.