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"The trick is finding the balance between what makes living today worthwhile and that future need for money. " You said this beautifully. Everyone will draw the line in a different place. !BBH

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Yeah, there's a financial talking head named Dave Ramsey. Most of his investment advice is terrible, but one thing he is absolutely right about is: "personal finance is personal."

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Dave is pretty rigid. But in his defense, many of his callers are pretty dumb ( "Dave, I have $200,000 in student loans. Should I lease a BMW?) Also, he probably has PTS from his long past bankruptcy. He is terrified of debt because it hurt him. He avoids it like I avoid alcohol. Except on Hive. !BEER

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All good points. You're probably right about the debt trauma.

In general, I'm OK with his get out of debt advice considering his audience demographic. It's when he turns around and says "now buy high fee, tax inefficient mutual funds" that I have real problems.

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