My opinion: stop paying interest to the Man sitting in the shiny tower. What are you, a chump? Maybe if you didn't give all your money to him, your tower could be as tall and shiny as his.
HenryBemis · 6h ago
I too am a Ramsey 'fan' and I appreciate his methods. And seen the title I wanted to write the very same, Yes!!!
I've also worked in many banks in my life and feel that giving 1% and taking 25% interest is insane. Pay every loan/credit card, then keep saving and investing, and you will never need another loan in your life.
A friend has been doing exactly that and bought a house (40yo dude, married, 2 kids) and paid cash for the house and the refurb. He never had a loan/credit card in his life.
My opinion: stop paying interest to the Man sitting in the shiny tower. What are you, a chump? Maybe if you didn't give all your money to him, your tower could be as tall and shiny as his.
I've also worked in many banks in my life and feel that giving 1% and taking 25% interest is insane. Pay every loan/credit card, then keep saving and investing, and you will never need another loan in your life.
A friend has been doing exactly that and bought a house (40yo dude, married, 2 kids) and paid cash for the house and the refurb. He never had a loan/credit card in his life.