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Money and Finances
Reply to "Dave ramsey"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My physical and mental health improved when my debt was eliminated. Some people--like me--are physically and emotionally burdened by debt and the worry that comes along with in ways you cannot imagine. Paying off my debt as a top priority was the right path for me.[/quote] These are emotional decisions, not financial decisions. If it makes you feel better, go for it, but don't pretend that you are following an effective strategy for maximizing wealth.[/quote] Credit card interest can run as high as 20% or more it is wise to always pay off the credit card debt first and don’t forget we haven’t had a serious market downturn in almost a decade the markets do not always go up and you could lose a lot of money that could’ve gone toward that[/quote] No one should owe money on a credit card - period (exception if you are using 0% advances wisely). This sidebar started with a mention of mortgages and low interest car loans. If it makes you feel good to pay off your 3% mortgage, go for it, but there's not a competent financial advisor in the world that will tell you that it's a good idea.[/quote]
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