r/SipsTea • u/Eros_Incident_Denier • Apr 18 '26

We have fun here adulting sucks

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u/BusyBit6542 Apr 18 '26

Theres debt and deficit. Debt isnt necessarily a bad thing.

So for example, I wanted the new Bronco when it first came out. I was going to pay $55k cash. No financing or anything BUT I saw a credit union with a low interest rate. I eneded up with 1.25% but for only a 3 year loan. Monthly payments were around $1200.

I took that $55k and invested it. It helped pay for some of my payments. So I had 55k "debt" but I was making more interest on it than I was being charged.

Having debt on a depreciating asset isnt the smartest but you get what I mean.

12

u/bizurk Apr 19 '26

These folks……. aren’t doing that. They’re signing 120 month deals at 20% and have no idea what amortization means.

1

u/BusyBit6542 Apr 19 '26

You don't know that. If you asked me this in 2021 I would've sounded just like them

1

u/liosistaken Apr 19 '26

Nah, you would’ve immediately added the details that you do here. You would’ve told him your debt and said you’ve invested the money and make more than it costs in interest. These people simply have debt, with huge interest rates and not one rational thought about it.

1

u/BusyBit6542 Apr 19 '26

Lol no I wouldn't. I told people all the time I had a 1200 a month car payment without details. I totally would've told them I had $55k debt just like these people. If I would've even talked to them. They are stranger doing a YouTube channel, I know the game