“Pull up your last few pay stubs… compare that against the annual limit… increase your contribution percentage for just the last few paychecks of the year”
AK
Amanda Kish
Motley Fool Hidden Gems Investing ·
“You’re going to pay taxes… equivalent of borrowing at 35% interest.”
The Ramsey Show · Build A Life That Doesn’t Depend On Debt
Play from 1:41:02
1:41:02
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What was described
Warn against pulling an old 401(k) to pay student loans
Penalty equivalent to 35% interest; 10% growth over 35 years would become $1.3 million
Said nearby on the same subject
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
“They said, you get a loan, it's interest only... I took a couple of million dollar loan... I could pay the interest off... I could pay the money back without having to sell any shares.”
♫
Said on The Finance Garage
“There’s so many strategies that people don’t even know about that they can do where you can literally pay off a rental portfolio in seven years by doing the old snowball effect, the good old Dave Ramsey snowball.”
♫
Said on Small Business Stories
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