Reply to Wife and I don't see eye-to-eye on money

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Yes, we went through $15,000 in 30 days.  Just to explain a few of the items:

1. Mortgage was $3500
2. One car payment of $350 (other car is paid off)
3. Insurance $1000
4. Food was probably $500-600
5. Bills, etc.[/quote]

You make $12K a month and your car is not paid off??? Are you kidding me?  With this kind of income you can pay off your mortgage in no time.  
You seriously need some Dave Ramsey boot camp.[/quote]

You have no idea what their situation is.  We make well over 12K/month and our cars are not paid off.  They're at 1.49% interest rates and we have PLENTY of student loans we're paying off first that have higher rates.  Try keeping your obnoxious, uninformed and useless comments to yourself.[/quote]

WOW.  Not pp, but clearly you need Dave Ramsey boot camp, too.  If you have THAT much in student loans you have no business going into debt for a car, much less two!!!  Stop being so defensive and start getting out of debt![/quote]

Not ALL debt is bad.  Credit card debt is ALWAYS bad, except to save a life or (possibly) to fund a start-up business.

Every wealthy person I know has debt, some have debt in the magnitude that will make your head spin and possibly explode, but they tightly control it, and they have it out of choice to make more money.  But, this advice doesn't apply to 99.5% of people anyway because you do not have any substantial investable assets.  I myself have 3 personal mortgages (in my own name, not business).  I was very, very pleased that the bank let me have the third one.  Wasn't sure about that one.  I didn't need to get them,  But I probably would not have gotten the underlying asset with my own money.  With a mortgage, it was a no brainer.  I can predict that there will be a handful of people who will flip their anonymous DCUM lid at that lone fact and tell me to go to some Dave Ramsey bootcamp (who the heck is he, is this like the Rich Dad/Poor Dad seminars that are contstantly being pitched to me in junk mailers), but that's because they adhere to the dictum of "no debt."  I approve of getting the word out about no debt, for most people that is excellent advice.

1.45% interest rate is quite good.  I might have borrowed too.  And I too have student loans, and you can bet I am paying the bare minimum on those.  Great locked in interest rates.

OK, PP, I'm ready for you!   :twisted: Start screaming at me about how I'm a fool for having open student loans when I can pay them off and 3 mortgages, I'm must be some kind of stupid, who the heck as 3 mortgages?!?  Right?[/quote]

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