Debt - would you go into debt in order to ' afford ' your video game hobby?

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Netherlands lactobacillusprime
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Published on ● Video Link: https://www.youtube.com/watch?v=R8zsmMqldjM


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An ongoing discussion over at armchair arcade. Going into debt and what for became an interesting discussion. Here's what I think about it. Please respond.

I don't think it is wrong to carry a debt, but I do think one has to be really thoughtful about what you want to go into debt for.

A hobby is something extra, one should never go into debt for something like a hobby. Going into debt for a basic life-necessity like a roof above your head is something different all together. But even when you go for a mortgage to finance the purchase of a house you need to be careful not to go in over your head.

Elise and I were in the process of buying a house when I made this video and we will have a mortgage on it but it will not be the top mortgage the bank is dangling in front of us. We opted to go for half of that which would make it easy for us to pay off the mortgage ending up with very doable monthly payments comparable with a regular rent. In 25 years time the house is totally paid and we're mortgage free.



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