Originally Posted by
chrisreedrules
Dave Ramsey isn't the be all end all. I've heard him give bad advice before.
That and his stuff isn't all that earth shattering to anyone who has half a financial brain. I will admit that he does help LOTS of people and that is great. I think we are terrible at giving our younger generation a good financial education. I guess finances are a taboo conversation to many, which I have never understood.
Originally Posted by
chrisreedrules
You could take $90K and make more money than you would gain by paying off student loans at 6% interest. I like real estate, but that's an animal that many aren't willing to tame. I earn almost a 10% ROI on one property and I've gained about 30% in equity. Looking to add more in the near future.
Originally Posted by
threeighteen
Cash is king gentlemen. If you've got some extra lying around and you're looking for something to do with it, turn it into something that cash-flows monthly.
You could probably buy a decent house with the amount of cash it would take to pay off that student loan, rent out the house, take the extra cash flow from the house (after paying the mortgage) to make the monthly student loan payment, and still have some extra cash coming in. Plus you'd be building equity at the same time.
THIS RIGHT HERE!