[NovemberWhiskey]

I was going to write a post on this, but this one nails it succinctly. The Dave Ramsey view of the world that says that all debt is bad is probably too simplistic.

If you're borrowing to buy a car you could never afford to impress your neighbor, that's probably not a good idea. If you've just had a kid and can't afford to pay cash for a car that has room for a seat and you have the choice of saving up for three years to buy one, or taking a 36 month loan now, then that interest is probably excellent value for money.

We start our lives in debt to the bank, and the bank ends up in debt to us - the "zero" point is actually not that interesting.