4 Comments

  1. Starfishfinance
    July 14, 2020 @ 6:42 PM

    Definitely lay off your debt.
    There are three benefits for you:
    1. You can save more as you do not have tk pay interest anymore
    2. Your wealth increases as you reduce your liabilities
    3. It is almost impossible to create a return on your assets that exceeds the interest you pay on your averace credit card debt

    Now let me know what you think

    Reply

  2. Dave Ramsey Has it ALL Wrong - Home
    August 21, 2020 @ 7:12 PM

    […] step is tough…really tough. You will have a much longer journey to financial freedom with debt hanging around your neck. Dave recommends the “debt snowball” but you could also use the debt […]

    Reply

    • The Beast
      August 21, 2020 @ 7:59 PM

      I know for me, it took longer to become debt free because of debt. I do not know if I would have done it differently or if my situation today would be much different. What I do know is that I am completely free of debt and never want to get back into that type of situation again.

      Reply

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