“You need to earn over 13% on your investment to be better than paying down the debt… debt repayment is risk-free”
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Said on Get Started Investing
“If you sold both of those, you could probably just pay off your credit card debt... Call the bankruptcy trustee, say I’m sending you a check, we’re going to voluntarily dismiss this.”
Dave Ramsey · The Ramsey Show · Don't Wait For Motivation - Take Action
Play from 1:33:18
1:33:18
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What was described
Recommend selling both rental properties to pay off $120K credit-card debt and voluntarily dismiss the Chapter 13 bankruptcy
Property 1 value $275,000, mortgage $186,000; Property 2 value $320,000, mortgage $212,000; credit-card/loan debt $120,000
Said nearby on the same subject
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
“Automate minimum repayments on any debt, including your HELP debt. If possible, that automatically happens, but you want to pay it off quicker.”
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Said on Dev Raga Personal Finance
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