Comments by "KxJx" (@kxjx) on "How I Saved Over £100k In My 20s (Whilst Pushing Carts)" video.

Buying in cash is a loss aversion, but really buying in cash is very risky. It transfers the inflation risk to work against you. Taking on debt (at a reasonable rate) transfers the inflation risk. Even if you have enough cash it's till better to borrow.
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@StevenJohn91 I can understand that. I feel that myself, I think it might be a working class thing if you have seen parents get laid off and stuff. You feel its a big stress and a lot of risk. And it is I have freinds who lost houses and it set them back years. But if you have enough cash buffer to pay it off or pay it for a long time well it changes how it feels I know... paying rent is a risk too you know it's just more hidden. Unless you have a council house or something you are always at risk of rent increases, getting evicted, market forces - and cash savings are another big hidden risk too any spikes in inflation can rapidly ruin years of the value. I don't want to give you nightmares I'll stop.
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