Originally Posted by Kage860
You are correct that there are many happy people who listen to Dave Ramsey. But, you brought up Warren Buffet. Stocks that Warren Buffet loves like mcdonalds and coca cola have billions of dollars of debt on their books. It takes capital to run a business, or buy property, build an electric utility, or a farm. So while dave ramsey says to avoid debt, he recommends buying stocks that contain lots of debt built into them. Some people are more responsible with debt than others, debt can be very dangerous in the wrong hands.
Your twisting or maybe avoiding the words, at least the way I am presenting them in my posts on this thread and turning the subject muddy.
Ill try again, = its silly and a good way to end up living in the street by using/risking the equity in your home to invest money or buy stuff you cant afford.
A low interest rate is not a good reason to take out loans using your home as collateral.
Sound mature business investments and consumer purchases rely on other sources, not the home with which you live in.
(no need for me to go into the subject of Mcdonalds and Coke and their debt vs cash flow which far exceeds their debt but doesnt come close to the subject or having a lien on your house to buy stuff and invest, Im talking about someone who commented about using money from a home for investments vs paying it off because the interest is cheaper, its very foolish)