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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Dave Ramsey fans in here or financial gurus? Need advice..
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<blockquote data-quote="DSG2003Mach1" data-source="post: 16131337" data-attributes="member: 16477"><p>if you enjoy the car I wouldn't sell it.</p><p></p><p>My home being my only debt wouldn't be a big concern for me, you can still make an extra payment or two per year towards the principle only. Also, how does having the mortgage factor into your taxes? If the mortgage interest is allowing you to take a bigger deductible that's something to consider.</p><p></p><p>Lastly, with nothing in retirement yet the time it would take to pay off the house is going to be a lot of missed opportunity on compounding interest in an investment account. </p><p></p><p>I just dont buy the whole thing about all debt being bad.</p></blockquote><p></p>
[QUOTE="DSG2003Mach1, post: 16131337, member: 16477"] if you enjoy the car I wouldn't sell it. My home being my only debt wouldn't be a big concern for me, you can still make an extra payment or two per year towards the principle only. Also, how does having the mortgage factor into your taxes? If the mortgage interest is allowing you to take a bigger deductible that's something to consider. Lastly, with nothing in retirement yet the time it would take to pay off the house is going to be a lot of missed opportunity on compounding interest in an investment account. I just dont buy the whole thing about all debt being bad. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Any Dave Ramsey fans in here or financial gurus? Need advice..
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