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re: Dave Ramsey's advice to pay off a car loan, rather than invest
Posted on 1/3/20 at 10:22 am to stewie
Posted on 1/3/20 at 10:22 am to stewie
Very true. It’s always good to read about what others are doing. It’s even more interesting to see what their reasoning is. And what’s appropriate risk for one may not be for another.
But whether a person or a company, you want to avoid being “priced for perfection”. That’s usually when Murphy moves in your spare bedroom and starts breaking stuff.
But whether a person or a company, you want to avoid being “priced for perfection”. That’s usually when Murphy moves in your spare bedroom and starts breaking stuff.
1
Posted on 1/3/20 at 12:29 pm to Jag_Warrior
I don't know about others, but it has worked for me. I'm on step #6 and plan on having my house paid off in about five years.
Five years ago I was in CC debt hell, owed on a car, had no savings and wasn't putting enough away for retirement.
Now my only debt is my House and I have over five figures in savings all the while contributing about 20% towards my retirement. His plan works for people like me that were idiots with their money.
Five years ago I was in CC debt hell, owed on a car, had no savings and wasn't putting enough away for retirement.
Now my only debt is my House and I have over five figures in savings all the while contributing about 20% towards my retirement. His plan works for people like me that were idiots with their money.
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