No. of Recommendations: 7
... it’s the endless interest you have to pay year over year over year……
Yep. I believe this year we topped $1T in interest. Imagine what we could do with $1T. Fund healthcare, get a new DDG(X) design launched, repair our crumbling infrastructure...so many things. Instead, we're just burning it.
I realize personal finance is a different animal, but I have a strong aversion to paying interest. I pay credit cards every month, and we bought our ID4 with cash. And, many years ago now, we re-fi'd our home at a lower interest rate and from a 30-yr fixed to a 15-yr fixed (to reduce how long I would have to pay interest). Plus, we made principal payments on top of that. I hate interest payments.
