Leveraging/Tax Benefits with debt

Hey,

Today i want to post about leveraging of debt and tax benefits you'll receive.

Accountants and some investors tell people to take on debt for leverage. This whole concept is beyond me. They say that living debt free is all emotion and not financial. I want somebody to tell me how its not financial. When you live debt free you only have utilites, rent, food, and other expenses you have to use to live. Sense when do you need loans to live? Leveraging and using college loans and mortgages for tax benefits is rediculous. Why don't you add up how much money you'll save over 30 years when you don't have a mortgage and then put it beside your tax benefits. The same goes for college loans. Sounds pretty stupid when somebody says there gonna keep paying it off because they get 500 dollars a year on there tax return.......PAY OFF THE LOAN IDIOT!!!! Your interest alone will out weigh the freakin benefits...Thats just as bad as credit card rewards!!!

Look the only reason society has no money, is because they have too much debt. People say savings is impossible because they think having all those bills is normal....

Benefits of no loans..

you can put that mortgage money into a mutual fund and see huge returns

All you have to worry about is utilities

You live debt free!!!!