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re: Dave Ramsey's advice to pay off a car loan, rather than invest
Posted on 1/1/20 at 3:41 pm to RidiculousHype
Posted on 1/1/20 at 3:41 pm to RidiculousHype
The paid off mortgage has replaced the BMW as the status symbol in America. Dave Ramsey’s financial advice is based on human behavior, not math. The finances after all debts have been paid off.
I’m 12 months from being 100% debt free.
I’m 12 months from being 100% debt free.
2
Posted on 1/1/20 at 4:36 pm to LatinTiger30
quote:
I’m 12 months from being 100% debt free.
You'll love it when you get there! Congrats!
Posted on 1/2/20 at 12:08 pm to LatinTiger30
quote:
The paid off mortgage has replaced the BMW as the status symbol in America.
For me this is 100% accurate. I drive a 06 Mustang that was given to me by my parents. I drive this not because its my car of choice. I drive it because its paid off and not having a payment allows me to get rid of other debt.
I would happily keep driving that and end up having a paid off mortgage then shoot around in debt in a BMW.
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