Peter Wolff(@peterjwolff):Truthfully, I’ve used debt in the past to accelerate my net worth, including student loans, business loans, margin, and a house mortgage. In recent years, I’ve become more debt averse as AI has continued its rapid progress. There’s a possibility that many people’s current careers could be disrupted/displaced by this technology in the next few years. I do believe new job opportunities will fill the gaps over time, but I still expect there to be a difficult period of transition for many individuals. One of the last things one would want in the case of unexpected job disruption is recurring expensive monthly payments. I hope I’m wrong on the difficult transition period, and I hope it goes smoother for most people than my expectations. One caveat: Of course, a low 2-3% interest mortgage that has payments requiring less than 25% of one’s monthly income is probably not going to be detrimental. But this optimal kind of debt situation is rare these days.

2026.09.12 19:30

Truthfully, I’ve used debt in the past to accelerate my net worth, including student loans, business loans, margin, and a house mortgage. In recent years, I’ve become more debt averse as AI has continued its rapid progress. There’s a possibility that many people’s current careers could be disrupted/displaced by this technology in the next few years. I do believe new job opportunities will fill the gaps over time, but I still expect there to be a difficult period of transition for many individuals. One of the last things one would want in the case of unexpected job disruption is recurring expensive monthly payments. I hope I’m wrong on the difficult transition period, and I hope it goes smoother for most people than my expectations. One caveat: Of course, a low 2-3% interest mortgage that has payments requiring less than 25% of one’s monthly income is probably not going to be detrimental. But this optimal kind of debt situation is rare these days.

ChurchOfTheCycle@CryptoCycleGod

2026.09.12 06:31

I disagree to a certain degree. Yes, debt is not great. But sometimes necessary. Not for luxury but to achieve bigger things. Ideally you don't need external capital. But sometimes it is the only way to work towards future goals. Where I disagree totally is paying off debt aggressively. You should pay off debt as slow as possible. It feels great to pay off quickly, to have the goal of being debt free closing in. People even pay off with extra payments beside the usual monthly rates, if they get unexpected money. That is a huge mistake. Money that you have beyond what you need for your life and to pay debt should always be invested and not wasted. There are several reasons for that. First of all: Currency debasement is real. Inflation is real. Your money is worth less every year. And is your debt. Your $100k house debt now is worth so much less in 10 years even if you barely paid anything off. Before you say: But the interest! It costs you more the longer you need to pay off your debt. True. But if you made fixed interest for the full payback period, you are not in the risk of getting burdened by skyrocketing interest rates. And your 2% mortgage rate will be dwarfed by debasement and inflation. Let the broken currency system help you to pay off your debt, while you use unneeded capital to increase your wealth. Do the math for yourself and stop paying off debt aggressively. Do it as slow as possible. Obviously this does not apply, if you life above your means and took too much debt.

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