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Re: Dave ramsey
[Re: AU7MM08]
#2947741
11/06/19 08:32 PM
11/06/19 08:32 PM
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Joined: Oct 2003
Posts: 25,687
South Alabama
Rebelman
Freak of Nature
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Freak of Nature
Joined: Oct 2003
Posts: 25,687
South Alabama
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A lil debt isn’t the end of the world. Good lord I owe about $6,000ish on my work car loan, monthly payment is $340 per month. The interest rate is 2.75%, inflation is at roughly 2%ish depending on who you ask. The realized interest rate is about 0.75%ish. Dave Ramsey would be screaming at me to make my work car loan a priority, I would tell him lol sure dude. No. No. No. That is not how that works. You are paying 2.75% on a depreciating asset. The only way you can offset it would be to invest your $6,000 (or any amount of money) and earn a positive return. Inflation has nothing to do with the conversation. In fact, if there were to be inflation, it would have a negative impact on your counterbalancing investment. .
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