04-11-2015, 11:10 PM
(04-11-2015, 10:00 AM)hendi_alex Wrote: In general it would make sense to me to: pay off highest interest debt first, pay off lowest balance debt next, pay off longest dated, lowest interest rate debt last. Create some kind of emergency fund before paying off any debt.
Alex, that's a unique strategy of those I've read or thought about. Makes sense fiscally and psychologically. Get rid of the biggest sinkhole first, then get a psychological boost by paying off the smallest next. Interesting concept.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan