You may have noticed one important component of financial literacy that has been conspicuously absent from this blog thus far: debt. It isn’t included in my net worth, and you won’t find it in my budget.
The reason I haven’t talked about debt yet is very simple. On this blog, I write what I know, and debt is not something that I know very well. While I do have a mortgage (don’t worry, I’m well above water on it), I have never had consumer debt, student loan debt, car loan debt, or any other kind of debt.
So how did I manage to make it to 27 without debt? I’ll break it down into two key factors, which are really one factor that you’ve heard about before: my parents. Continue reading