better to die owing a million bucks, than live like an Evangelical dominionist
Fauci under protection? not surprised.
You sound just like one of my coworkers, who is now flipping out because, while he gets guaranteed pay, his OT is now zero. This dude worked 80+ hours a week, everything over 40 was OT, and used it to service the frankly utterly irresponsible amount of debt he owes for his houses, boats, RV, and hobbies. His opinion is that "when I die the banks get NOTHING because he took the free money!"
The laws of interest and payments are now very blatantly making themselves known. All those payments are differed, not cancelled, they'll be due once things start up again, and even his 80+ hour weeks wont be enough to service it all, and if he misses a single payment his interest rates are going to jump up 2-3%.
Yes, he is a total moron. Now, I do think that Ramsey is somewhat separated form reality, the dude has such a hard-on against debt, and much of his advice only works if you are independently wealthy. Things like "your car should not cost more then 1/4th of your yearly net income and you should only buy a car with cash" would result in the vast majority of americans driving rusted out shitboxes which, between reliability concerns and repair bills, would likely REDUCE overall income, and lead to more problems down the line.
Responsible use of debt and strategic reserves of cash are the key to truly getting ahead. The millionaires say all debt is bad, but the multi-millionaires disagree, and the billionaires love it and use it correctly to improve their lives. Something to think about. A disaster like Corona shows why having 3-6 months of income sitting in a savings account and living below your means is really sound advice, and something we have forgotten in our padded society where major disasters that stop the world for months on end just didnt happen anymore.
