Go to college and rack up at least $100k in college debt OR be a deadbeat service worker forever.  

@Collin My question whether you believe in Dave’s ideas is or not is, what’s wrong with having no mortgage debt or any other debt, and having nothing but income to invest and get very wealthy.

A judge isn't going to allow a creditor to take everything the debtor owns or throw them in jail for being poor.

We didn't really have credit card or student loan debt or anything like what most of his listeners have.  

Would it then be against IRA rules to hold the debt or equity of said company in my IRA?

So... is it a good idea to use the IRA money to pay debt?

There is plenty of opportunity in an up or down market and arguments on both sides of the coin for debt or cash investors. 

Is that student loan debt or mortgage debt?

Both the variable nature of that loan and the larger interest rate make it a solid target for additional payments.So back to your question... pay off debt or keep debt and invest...Here's the question... do you want to HAVE to keep working but be able to retire earlier or would you like to be able to walk away from everything and live a humble life at ANY point? 

Texas may be the most friendly debtor state in the Union.