Debt is an Anchor
If you are pursuing financial independence (FI) you know that debt if not your friend. Debt is owing someone something. In financial terms, it’s typically money. When your goal is financial independence having debt just slows you down. One of the goals to make FI achievable is to eliminate all debt including your mortgage. You do not want to owe anyone anything. Having debt is an anchor just like how it drags a boat. The math is simple. If you…