re: Another Dave Ramsey Thread

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That's not a fair characterization of what his method proposes. You're talking about Step 6. He does not advocate selling things to pay off the mortgage - he encourages refinancing into a 15 year, and only after your emergency and rainy day funds are full, 15% going to retirement, all other debt retired, etc., that you pay EXTRA on the 15-year mortgage.

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You're right that was a mischaracterization. I was just making the point that he doesn't need to overdo anything.

Prioritize debt by int rate and either pay it off or invest it depending on the corresponding spreads.

I think people get caught up in things like paying extra on their 15 year mortgage just because it feels good to "do something".

ETA: but again, I'm not anti-Dave... If the biggest financial problem someone has is forgoing investment gains cause they plowed extra money into their 15 yr mortgage then you're in pretty fricking good shape