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It would be refreshing to not have debt of any kind--even the type deemed by most as "acceptable."
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That's where my wife and I are, zero debt, and yeah, it does make for good peace of mind.
I'll use the Home Equity Line or my margin account from time to time as a cash-flow buffer (up to an amount I can easily pay off), but I simply won't borrow/owe money in the normal sense. I want interest to be something I *earn*, not something I *pay* and I simply don't like the idea of being beholden to others. We're retired, and we plan to stay that way
I realize that this isn't always the *smartest* way to manage money (e.g., 1.9% financing when even a money market account pays more than that)..but it's just the way I want things run in my life.