Though the stock market could be okay it's a good time to be debt free and into enough cash to make it through anything that comes this year

If you have noticed the stock market is starting to drop a little mostly because of the Fed Saying it has to raise interest rates to stop inflation from harming so many people. If the stock market goes down because borrowing money becomes too expensive for people to buy homes or to expand their businesses profitably then this changes the whole configuration of investing in the U.S. and world for everyone.

Now, you have China closing a whole office building in Beijing because they found one case of Omicron. I don't think this will be helpful to them (except) that Chinese people (because of the specific way that China has chosen to deal with Covid) have no antibodies to Omicron and Sinovac isn't doing well against the specific variant of Omicron. So, likely you are going to see a lot of Omicron cases in probably most cities or even every city eventually in China and hospitals full of people with no antibodies to Omicron.

Until recently I didn't understand the (No antibodies) problem but it is a really big one for China. Up until now by using draconian methods they have kept most cities shielded from Covid (relatively speaking) in China. However, that is just not going to work with the most infectious virus ever known on earth which is Omicron. So, this is a potential disaster of epic proportions for China in these Covid Omicron times. And it is an economic disaster for the whole world in that China was (last year) the only country doing that well economically through all this. And this likely will change a lot now with city by city everyone getting Omicron and heading to their hospitals and clinics.

So, what I'm saying here is if possible you want to be debt free during this next year because of the number of unknowns the people of earth are facing primarily because of Omicron. And you want to have enough cash available to be able to "Weather any storm" which might be one we expect or something completely unknown at this time.

And you also want to make sure any loans you have are "FIXED RATE Loans" because variable rate loans will be extremely problematic for most people during these times because during times like these those rates tend to go up a lot.

It's like the boy scout term: "Be Prepared" and I would add to that "for literally anything".