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Sherincall comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong Discussion

4 Post author: Ander 13 January 2015 08:02PM

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Comment author: Sherincall 14 January 2015 03:03:43PM *  6 points [-]

I thought it is a given that if you have debt you should spend all your disposable income paying off the dept. Unless, of course, you can safely invest somewhere where the interest is higher than that of your debt.

The advice here is to treat it as if you bought consumer goods, or vacation. Paying off your debt instead of going on vacation seems like a really elementary advice in personal finance. Unless, of course, you are sufficiently certain that not going on the vacation will result in a mental illness or something.

I'm curious.. Is there any data about how much personal debt LWers have?