Can’t tell if you’re just being snarky/self-pitying, or if you’re serious. I’ll try to answer.
1) Do you include future earnings in your “no assets” description? If you’re off the grid and not dealing with money, this post probably isn’t for you. If you plan long-term not to make more than you spend, you’re probably also not ready to optimize on these dimensions. If you expect to make more than you spend during some future time period, you will have an asset about which to make choices.
2) You need to include risk of fraud and mistakes in any decision you make. This advice isn’t “make payments that might get swallowed”, it’s “pay down debt”. If you’re not actually reducing your debt, there are probably better investments.
3) Debts that you honestly expect to never pay are not real debts. It doesn’t follow that if you have no monetary assets and no liquidity that you never will, though.
Can’t tell if you’re just being snarky/self-pitying, or if you’re serious. I’ll try to answer.
1) Do you include future earnings in your “no assets” description? If you’re off the grid and not dealing with money, this post probably isn’t for you. If you plan long-term not to make more than you spend, you’re probably also not ready to optimize on these dimensions. If you expect to make more than you spend during some future time period, you will have an asset about which to make choices.
2) You need to include risk of fraud and mistakes in any decision you make. This advice isn’t “make payments that might get swallowed”, it’s “pay down debt”. If you’re not actually reducing your debt, there are probably better investments.
3) Debts that you honestly expect to never pay are not real debts. It doesn’t follow that if you have no monetary assets and no liquidity that you never will, though.