“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
Dave Ramsey · The Ramsey Show · Build A Life That Doesn’t Depend On Debt
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Pay off the IRS debt immediately rather than over several months
$10,000
“You need to earn over 13% on your investment to be better than paying down the debt… debt repayment is risk-free”
“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”
“I would rather go with six months ahead planning… rather than just bulk loading a lot of columns.”
“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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