The flawed basic premise of this article assumes the person is a "going concern" so as to speak, will continue to earn constantly in order to fund this "smoothing" and whatever.
As someone who does not live on a stable paycheck, it does NOT make sense to take on debt when you are not sure if next month you'll get to earn anything let alone enough to service loans.
All the people in finance think "debt is cool" because they talk about theories "metcalfe life theory" like the article regarding going into debt to buy an air ticket to see an old friend. That's stupid as hell. Why not "save" money and go the next month? Sure you are an impusive debt addict but yeah, you can explain it off by theories.
As someone who does not live on a stable paycheck, it does NOT make sense to take on debt when you are not sure if next month you'll get to earn anything let alone enough to service loans.
All the people in finance think "debt is cool" because they talk about theories "metcalfe life theory" like the article regarding going into debt to buy an air ticket to see an old friend. That's stupid as hell. Why not "save" money and go the next month? Sure you are an impusive debt addict but yeah, you can explain it off by theories.
No thank you.