Quote:
Originally Posted by 40flash
This may not be what you want to hear but here goes.
Are you really sure you want to pay a bunch of interest on go fast parts making them much more expensive in the long run as well as keeping you in dept for a longer period of time? If it were me. I'd pay down the loan with that money to get yourself out of debt sooner.
My wife and I made some sacrifices early on in our marriage and we made extra payments and many times double payments on the house. That allowed us to pay off the 30 year mortgage in 15 years. Because of that we were able to sell that house when we left Washington state and pay cash for the one we are in now in Arizona. I can't tell you how good it feels to be totally dept free.
As I said earlier, it took some sacrifice. We didn't get everything we wanted and we didn't drive new cars for a lot of years but it has been so worth it.
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I was sitting with a multi millionaire at dinner tonight and as we talked over our martinis he said that no matter how successful you are there is no better feeling than waking up knowing you don't owe anyone a damn dime! He went without for many years building a brand as a jewler and now at 35 does not owe a dime of money to anyone owning 6 cars and 3 houses. His business does not make all that much money but with budgeting and planing he has become very well off on a salary most doctors and lawyers would laugh at.
Sent from my Q10