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re: Another Dave Ramsey Thread
Posted on 8/14/13 at 8:52 am to NC_Tigah
Posted on 8/14/13 at 8:52 am to NC_Tigah
quote:
That is what was correctly pointed out earlier.
No - the guy suggested that Dave says to liquidate things to pay of the mortgage early. That was a mischaracterization.
Again - if you don't need the debt snowball, you don't need Step 6. If you got into trouble with money (many of us have), then paying off the mortgage a year or two (or three) is going to help much worse than it will hurt.
Step 7 is "Build wealth and give" - skip the give part if it doesn't suit you, but clearly he intends that mortgage payment to go into savings and investment. Yeah - that's just "crazy" talk...
1
Posted on 8/14/13 at 9:06 am to Ace Midnight
quote:Is that a Ramsey quote, or an Ace Midnight extrapolation?
if you don't need the debt snowball, you don't need Step 6
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