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Then as more was said, Orman was defending her decsion to tell the lady to do it, mentioning how she lives there, and so on.
I used to be in debt. Big-time. I do not want to be $30k in debt again. Or ever. The amount of debt people have is a true embarrassment and it hurts, financially. Everybody tells me it's not a good place to be in. Even though the tv commercials say "for everything else, there's ____card" and other things that say it's good. No, it is not good.
Even my parents told me about too much luxuries is not a good thing.
A pool is a luxury. What's wrong with a fan or air conditioning as a compromise? A public pool??
Okay, she made a mistake. A thirty thousand dollar one and that's before the interest. At 4.9%, it's still going to be YEARS before it gets paid off. (minimum payment being something like $300 per month, it'd NEVER be paid off.)
I wish you had seen it. She made a mistake and she's going to lose credibility. She's about saving money and retiring comfortably. Not putting them into debt or making it worse.
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