• No Good Deed Goes Unpunished
  • Money Goo Book
  • Fabulous ebooks
  • Debt
  • Fun
  • Growing Wealth
  • Health and Food
  • Help is Out There
  • House
  • Not Just About Money
  • Saving Money
  • Time
  • Travel

Boiled Down Money Goo

~ tips for propelling your financial future

Boiled Down Money Goo

Tag Archives: pay off house

Debt Free Loser

12 Monday Mar 2012

Posted by moneygooguru in Debt, House

≈ Leave a comment

Tags

dave ramsey, debt free, get out of debt, pay off car, pay off house

Who knew there is a right way to get out of debt?!

We have always been huge fans of Dave Ramsey, yet along the way we have noticed that he is as rigid as a square. Always doing things the safe way. Like a drug counselor, Dave assumes that everyone in debt is a debt addict and must avoid it at all times. Maybe it’s because he gets tired of giving good advice, only to watch people not follow it.

We have found that many people just need to start paying attention to why they are negatively charged! Once smart folks start paying attention, they figure out the right things to do and then do it. Hello hero, goodbye zero.

Take us for example, we got out of debt in a strange order, yet we still got to the finish line in the same amount of time. First we paid off the credit cards, then the house, then the car. Why in that order? So I (Deborah) could reduce my work hours without fear of a looming mortgage. The order of debt payoff was based on lowering all of the risks, not just the lowest remaining debt. A large mortgage payment scared me more than a small car payment. And working full-time while someone else gets to spend most awake hours with our daughter bugged me. I wanted to cut back on my work hours. Weird, huh?!

Factor in all the risks before making any decision. Things can be replaced, people can’t.

Talk about ironies. Getting a car loan (so we could mail a check to pay off the mortgage) kept us off the Dave Ramsey show. We were scheduled to shout “we’re debt free” on Dave’s radio show a while back and the producer declined to have us on the air because “Dave wouldn’t like” how we got here. Hey, but we’re debt free – does it really matter how we got there! Who knew that we were debt free losers?

We still love ya, Dave.

Share this:

  • Facebook
  • Email
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Print
  • Pocket

Like this:

Like Loading...

Pay off House or Invest in Stock Market?

17 Tuesday Jan 2012

Posted by moneygooguru in Growing Wealth, House

≈ Leave a comment

Tags

invest in 401k, invest in stock market, pay off house, pay off mortgage

We paid off our house early. In fact, eleven years early on a fifteen year loan! For a time we put everything extra we had each month towards the house. During some of this time we put none into retirement accounts. Was this a smart move?

I recently read this well-written article, Should You Invest in Your 401k or Pay Down Your Mortgage? Some interesting numerical examples are given to compare these two strategies.

Depending on the economy and your mortgage details, you may be money ahead to put extra funds into retirement and not the house. But there is increased risk in doing this. Read the article for a great explanation. If you want to minimize your risk, then paying off the house early may be better because you can’t predict the economy or your job situation.

Share this:

  • Facebook
  • Email
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Print
  • Pocket

Like this:

Like Loading...

Debt Fun Growing Wealth Health and Food Help is out there House No Good Deed Goes Unpunished Not Just About Money saving money Time Travel Uncategorized

We also like:

Walla Walla Wine Bottle Pendant Lights

Recent Posts

  • Why Pay Cash for a House?
  • Penny Spa
  • Ocean Front Property in Arizona
  • Tips for Buying A Rental Property
  • Buying A House As A Short Term Investment
  • Eighty Year Old Hiker Explores Mile High Caverns
  • Snack Warfare
  • Beatles Memorabilia Beaten Out of Me
  • Stay In It For The Long Haul
  • Are You In Control of Your Brain?
  • Money Prick 101 – The Big Rig
  • Money Prick 101 – The RV
  • Your Mind is Completely Trainable
  • Babylon’s Secret
  • Your Financial Success
  • Three Steps to Millionaire Status
  • Global Business Model
  • The Minefield of Tax Write Offs
  • Free eBooks Humor & SciFi
  • Two Free Kindle eBooks
  • Money Prick?
  • Too Big For His Breeches?
  • The Success Essentials by Daniel Murphy
  • The Old Young and Young Old
  • Nothing Like a Thrift Store

Enter your email address to follow this blog and receive notifications of new posts by email.

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Find us on Google+


Boiled Down Money Goo, tips for propelling yo - Blogged

Search on this site

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • Boiled Down Money Goo
    • Already have a WordPress.com account? Log in now.
    • Boiled Down Money Goo
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
 

Loading Comments...
 

    %d bloggers like this: