The correct response to this sort of debt is, “AAAAAUUUUUUGGGHHHH!!!! THERE IS A CLOUD OF KILLER BEES COVERING EVERY SQUARE INCH OF MY BODY AND STINGING ME CONSTANTLY!!!! I NEED TO STOP IT BEFORE I AM KILLED!!!”
–Mr. Money Mustache
For some reason, I didn’t mind accumulating a few hundred thousands of dollars of student loan and mortgage debt within ten years of medical school. Being a little naive, I figured I could just turn on the savings and retire that debt as soon as I wanted. I had no reason to think otherwise. All my life I had been told that debt was safe, if it was the right kind of debt. As long as I wasn’t carrying around 5 figure credit card balances, I was to be commended for doing an excellent job managing my debt. I was never a free spender and was very diligent with my budget working my way through college. When I entered medical school, I was told, borrow as much as you can, focus on your studies. You won’t have any trouble paying it back.