Quote:
Originally Posted by thelegges
Today’s rates a fair to good investment guy will tell you to take the largest loan. Then 30 days take cash towards principal to basically bring loan down to 7-15 years. Your yearly interest becomes minimal, we have never kept a 30 year mortgage for more than 10 years.
I can’t remember the last time our cars didn’t have zero interest, and never carry balance on CC’s.
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This discussion like all such discussion here demonstrate the emotional/ psychological relationship people have with money, some are much more risk sensitive no matter what the numbers and statistics say. I have talked to people who would never think of investing in any form of stock equites , "you can lose money! "never considering the whole universe of risk and that not being so invested is in itself a risk , your money , your comfort level, your decision