Recent comments

ThoughtsInSpacee OP t1_jeh4846 wrote

Im confused? Why is this sad?

Im not that financially literate , and have a lot of conflicting pros and cons here. Im literally a child with adult money

My friends and family all have their bias personal opinions and i wanted an opinion from a community with a financial planning bias.

Ill need the car to drive my parents around, myself to work if its farther, and to move myself across the countrry. Also snowy mountains occasionally

So you think is dumb or no?

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Sampson2003 t1_jeh47v2 wrote

People tell you no because of long term compound loss. Imo short term 401k loans with job stability that can clear mental health from stress are fine. Especially in a questionable market that could very well trade sideways or decline. Though, if the credit card debt was induced by spending problems vs life issues then that needs fixed first.

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ComfortableIntern218 OP t1_jeh47cb wrote

I have not. I am against people who shout a new technology down when we know almost nothing. I, too, am skeptical, but there is skepticism, and then there is just doubt backed by nothing. Skepticism is part of the scientific method. Claiming something won't work because you don't understand it sounds like a personal problem. I am yet to see anyone bring up a valid reason backed by data and knowledge of the technology in question.

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