Quote:
Originally Posted by jIM_Ohio
we don't knock DR because we don't like him, we mock him because the advice is less than good.
Thats your oppinion and nowhere near fact.
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Well of course it's an opinion. (which is right). I deal in the world of opinions every day. People ask my opinions all day.
Actually, I like Suze Orman's advice better than DR's. I can appreciate debt reduction as a worthy goal. In fact, I prefer to reduce debt vs. hold bonds as part of my financial plan.
But if DR is advocating "Pay yourself last" as part of the equation of building wealth, then I very much disagree with that.
As I said, in life, someone will always have their hand out.
You can never go back in time and contribute to your 401(k) and/or Roth. My measley $85,000 portfolio and my home equity (considerable) are all we have to show for our years of hard work. (and our beautiful, kind children)
I really don't care about the "PAID OFF" status on my credit report on all the loans (student and business) I have had.
That and $5.00 will buy you a cup of Starbuck's coffee.