Posted by SweetFeet on March 08, 2014 at 07:37:58 from (70.35.103.74):
In Reply to: paying off mortgage posted by austin carpenter on March 08, 2014 at 06:18:21:
Google financial guru Dave Ramsey's baby steps (or buy his book)...
Do believe it is: 1. build a 3-6 month cash reserve - enough to cover all living expenses 2. pay off all debt - starting with debt on which you pay the highest rate of interest... once that one is paid... just pay off the next, and the next, etc. 3. live like no other now... so that someday you can live like no other! (Meaning eat beans and weinies for a few years if you have to, to accomplish your financial goals... so later in life you can live with no worries and enjoy life).
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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