since you know it all in regards to personal finance,
there's no point in even trying..:OK....Lets start with the absolute basics.
:Why is it better to pay off something simply because the balance is low, rather than pay something off that has the higher rate? Please explain.......o wait, you can't because there is no rational. Fish:
The Dave Ramsey debt snowball, as Dave himself has said numerous times, isn’t about the math. It’s about the forming of a habit of paying off debt. It reinforces the habit by giving early positive feedback that people might not get with the High Interest snowball. The whole point of the program is to stay on it, and this early reinforcement helps those just starting out to do just that. This is the snowball for those just getting their act together. It’s easy to put together, easy to stay on, and just plain easy to explain. The extra interest paid over the life of the plan is minimal, and is more than made up for if the simplicity of the plan causes people to follow through with it. :Have you ever seen that guy speak, live in person? I have and can say that he is one of the most arrogant assholes I've ever seen. He preys on the weak minded, and if you follow him, then your just feeding his ego. f'in pathetic. Occupation: Aircraft Lender.
Someones bitter about the massive downturn in Business
Aviation. I've felt it substantially myself, but I had a
plan. And when it comes to personal finance, any education is
better then none... and i'll take it from a bible thumping
asshole anyday.
Petz #3
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