Hello All,
Lately ive been on a kick to pay off all of my debt and get into the investing side of things a little more. I have been listening to alot of Dave Ramsey and he is pretty much against debt on cars as well as everything else. My wife and I have basically three debts.
1) A $150k mortgage @ 6% interest which I dont see myself paying off anytime soon.
2) A 401k loan of $6,000 @ 6% interest (paying myself interest) I know it was stupid.
3) A car loan of $15,000 @ 4.79% interest
4) maybe I should start a roth IRA
I have about $6,000 I want to use to pay down debt/invest but im torn on what to do. I know Dave Ramsey would say sell the car but a divorce would be even more expensive
What would you all do?
Thanks for the help.