For me, I will pay off the home equity and the car loan. There are 2 reasons I will do this:
1. If you going to start a business soon, then you must secure you and your family from debt.
2. After this, you can save up the monthly payment for home equity and car loan and you will have extra money, every month, to start your business or invest it or prepare for an emergency fund.
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Originally Posted by getoutofdebt
Thanks so much for the advice. So I have paid off for the car loan and bought the new vehicle cash.
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From what I undertand, you buy a new car right? I think buy a new car is not the correct way to manage your money in personal finance. Just my personal opinions
