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re: Another Dave Ramsey Thread
Posted on 8/13/13 at 10:49 pm to HoLeInOnEr05
Posted on 8/13/13 at 10:49 pm to HoLeInOnEr05
Huge overhaul in what way?
If you have credit card debt, then yes attack it in the way he suggests.
If you have a 30 yr mortgage at 3%, then no don't liquidate all investments to pay extra on it.
If you have credit card debt, then yes attack it in the way he suggests.
If you have a 30 yr mortgage at 3%, then no don't liquidate all investments to pay extra on it.
3
Posted on 8/13/13 at 10:57 pm to jso0003
List your debts and I mean every debt you have and then we will tell you what you need to do.
"Rice and beans and beans and rice"
"Rice and beans and beans and rice"
Posted on 8/14/13 at 7:00 am to jso0003
quote:+1
If you have credit card debt, then yes attack it in the way he suggests.
If you have a 30 yr mortgage at 3%, then no don't liquidate all investments to pay extra on it.
Posted on 8/14/13 at 8:18 am to jso0003
quote:
If you have a 30 yr mortgage at 3%, then no don't liquidate all investments to pay extra on it.
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.
Please familiarize yourself with what you're shooting at before you demonstrate what you don't know.
The Seven Baby Steps
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