Comments on: How Much Is Debt Costing You in Opportunity? http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/ Tips for living frugal while still having a life Sat, 20 Mar 2010 20:06:24 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Matt Caldwell http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-11434 Matt Caldwell Mon, 10 Nov 2008 04:15:00 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-11434 Here's how debt is costing me in opportunity. With the market being at near all-time lows, I would LOVE to invest large amounts of money right now, with the hope that it would grow quickly once the market recovers. Unfortunately, because I'm paying most of my what-would-be-disposable-income toward my debt, I don't have very much money left over to pour into the market right now. Bummer. :) Great post. Here’s how debt is costing me in opportunity. With the market being at near all-time lows, I would LOVE to invest large amounts of money right now, with the hope that it would grow quickly once the market recovers. Unfortunately, because I’m paying most of my what-would-be-disposable-income toward my debt, I don’t have very much money left over to pour into the market right now. Bummer. :) Great post.

]]> By: Sunday Money Madness: Ghosts, Spirits, Haunts, and Souls | Rich Credit Debt Loan http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10954 Sunday Money Madness: Ghosts, Spirits, Haunts, and Souls | Rich Credit Debt Loan Sun, 02 Nov 2008 13:28:48 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10954 [...] Frugal Dad wonders How Much Is Debt Costing You in Opportunity? [...] [...] Frugal Dad wonders How Much Is Debt Costing You in Opportunity? [...]

]]> By: Rob in Madrid http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10927 Rob in Madrid Sat, 01 Nov 2008 18:11:21 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10927 This year we turned the courner, not so much that were debt free but we paid off enough debt to be able to live on my Wife's wage comfortably. More importantly after a year and a half of climbing back to zero we are starting serious savings. It's a nice feeling trust me. This year we turned the courner, not so much that were debt free but we paid off enough debt to be able to live on my Wife’s wage comfortably. More importantly after a year and a half of climbing back to zero we are starting serious savings.

It’s a nice feeling trust me.

]]> By: dawn http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10901 dawn Sat, 01 Nov 2008 02:53:53 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10901 I love this post - It puts all the personal finance stuff ... In a perspective that people can really relate too! Thank-you :-) I love this post -
It puts all the personal finance stuff …
In a perspective that people can really relate too!
Thank-you :-)

]]> By: Froogirl http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10847 Froogirl Fri, 31 Oct 2008 13:11:21 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10847 Every check we write, I think about the fact that had we been living this way from the get go we'd be writing a check to ourselves instead. I only hope that we get used to living this way so that when it's all paid off, we can switch from aggressively paying to aggressively saving. And really it hasn't been that tough. Mainly, we've been more deliberate in our choices and priorities. Every check we write, I think about the fact that had we been living this way from the get go we’d be writing a check to ourselves instead. I only hope that we get used to living this way so that when it’s all paid off, we can switch from aggressively paying to aggressively saving. And really it hasn’t been that tough. Mainly, we’ve been more deliberate in our choices and priorities.

]]> By: Marci http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10833 Marci Fri, 31 Oct 2008 11:44:50 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10833 Congrats on retiring that debt! And remember that tho you may not be able to give financially to others, you can still give of your time, and sometimes, that is just as important :) Congrats on retiring that debt!

And remember that tho you may not be able to give financially to others, you can still give of your time, and sometimes, that is just as important :)

]]> By: Ben http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10809 Ben Thu, 30 Oct 2008 23:51:15 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10809 Even though paying off debt to eventually eliminate debt has an opportunity cost, it has to be much better than going deeper into debt doesn't it? I'm in the same boat with three debts that I'm paying down. My mortgage is a long term debt which I pay a bit extra on each month. The other two debts I have are steadily being paid off and even though I sometimes get frustrated and impatient, I keep perservering because I know I will be free of them in a few years - one at the end of next year and the other two to three years after that. Being an Australian I'm extremely fortunate because all employees and employers have to contribute to a compulsory retirement savings system - that's an opportunity cost I haven't had to worry about. Congratulations on removing the loan, and keep on trucking with any other debts you have. Even though paying off debt to eventually eliminate debt has an opportunity cost, it has to be much better than going deeper into debt doesn’t it?

I’m in the same boat with three debts that I’m paying down. My mortgage is a long term debt which I pay a bit extra on each month. The other two debts I have are steadily being paid off and even though I sometimes get frustrated and impatient, I keep perservering because I know I will be free of them in a few years – one at the end of next year and the other two to three years after that. Being an Australian I’m extremely fortunate because all employees and employers have to contribute to a compulsory retirement savings system – that’s an opportunity cost I haven’t had to worry about.

Congratulations on removing the loan, and keep on trucking with any other debts you have.

]]> By: Andy @ Retire at 40 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10790 Andy @ Retire at 40 Thu, 30 Oct 2008 19:09:05 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10790 I agree, paying of debt gives you the an <a href="http://retire-at-40.blogspot.com/2008/10/satisfaction-of-paying-off-debt.html" rel="nofollow">enormous amount of satisfaction</a>. Of course, try and keep that $375 out of your normal spending and put it towards one of your other goals, like your other debt, your EF or your retirement. Good luck and well done on removing that loan. I agree, paying of debt gives you the an enormous amount of satisfaction. Of course, try and keep that $375 out of your normal spending and put it towards one of your other goals, like your other debt, your EF or your retirement.

Good luck and well done on removing that loan.

]]> By: That One Caveman http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/comment-page-1/#comment-10763 That One Caveman Thu, 30 Oct 2008 11:42:03 +0000 http://frugaldad.com/2008/10/30/how-much-is-debt-costing-you-in-opportunity/#comment-10763 Wow! You said it way better than I could have. Thanks for your thoughts. Wow! You said it way better than I could have. Thanks for your thoughts.

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