this post was submitted on 07 Jun 2024
996 points (92.1% liked)
Memes
45894 readers
1375 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They said service the debt, not pay off the whole thing. For an analogy, your whole mortgage being less than your annual salary isn't a requirement; your monthly mortgage payment being a fraction of your monthly salary is.