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re: Dave Ramsey's advice to pay off a car loan, rather than invest

Posted on 1/10/20 at 9:29 am to
Posted by BestBanker
Member since Nov 2011
17554 posts
Posted on 1/10/20 at 9:29 am to
quote:

You can either accept it or reject it, but why pretend not to understand it?

It's understood. I reject it because
quote:

The theory

But whatever makes someone feel good is the mantra. Agree with batman here and not calling anyone here names or questioning intellect. No one need be upset.
Posted by PearlJam
NotBeardEaves
Member since Aug 2014
13908 posts
Posted on 1/10/20 at 9:38 am to
quote:

It's understood. I reject it because
That is fine. My post wasn't directed to you.

quote:

But whatever makes someone feel good is the mantra
Not really. The mantra as it relates to the snowball is "whatever keeps you going."

Fwiw, I'm not a DR disciple, nor do I follow his program.
Posted by Engineer
Member since Dec 2015
277 posts
Posted on 1/10/20 at 9:43 am to
quote:

The theory


The stubbornness in this thread is the exact reason why it works.

When you deal with someone who has resolved themselves to never be out of debt, it’s real tough to convince them to make a payment that will only go to interest and penalties.

The first step is to save $1000. If someone gets there and can pay cash to fix a flat tire rather than take out a payday loan or take on an overdraft fee, then it’s already worked.

Baby steps, not functioning adult steps.
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