Debt accumulates when we live beyond our means, but there is a way to dial that amount of debt down, especially when we retire. We will want to make sure that all of our debt is payed off and that we are able to live within our means after the debt is all paid. This includes paying off debt from a home lone or a car. We will live a much more relaxed life when we know just what our life costs.
Key Takeaways:
- Being in debt can lead to a more stressful life, so it’s important to pay it off while you can.
- It will take away the nervousness you have of not knowing how well you are doing financially.
- If you pay off your debt before you retire, it will teach you live within your means.
“What on earth made you think that taking debt into your retirement was a wise move?”
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