Dearest Mr. Debt,

You have been with me as long as I can remember.

Even though my parents gave you the cold shoulder, let’s just consider it a generational diss. You will always have a special place in my heart.

At first things were rocky between us.

We were first introduced  in my early twenties when I obtained my first credit card, to embark on a career playing online blackjack. Things turned out as badly as could have have been expected, and probably far worse.

You were with me back then at 28% interest, and you were with me on my credit report for several years afterwards when my then-degenerate, basement dwelling self missed payments.

And you were with me when I made the fateful decision to use my credit card as the placeholder for hotel rooms for a boys weekend in Montreal, and proceeded to get hit with every add on charge you could ever think of. I think they needed men in hazmat suits to make those rooms habitable again.

But then our relationship started to turn around, and you started becoming useful. You became the ultimate cheap date.

I started to court you pay proper attention, and now your colleague Credit Karma regularly e-mails me to tell me how great I am.  Banks are lining up to give me more money.

You enabled us to buy the bungalow that started us moving up the property chain. 

You enabled us to buy and subsequently renovate our current home (dream home?? Depends on the day).

You introduced me to another dear friend – Mr. Leverage. Together, you and Mr. Leverage have helped us build up our real estate portfolio, culminating in buying the family cottage we have wanted for so long.

Finally, you have another friend that is about to become popular as prices escalate further – Mr. CHIP Reverse Mortgage. I mean, how else is THIS going to continue to happen?

https://www.blogto.com/real-estate-toronto/2021/10/parents-giving-kids-130-buy-home-toronto/

So, Mr. Debt, maybe we will part ways one day. Maybe we will stop making beautiful music together. But as long as you remain available to me for next to nothing,  I don’t see that happening anytime soon. Stay thirsty, and stay cheap.

Very Sincerely Yours,

Scott