Originally Posted by
sailingfun
So Dave’s advice is to payoff debt and save money. How much do people pay Dave for those bits of financial wisdom?
Zero, nothing....it’s free.
Syndicated radio show and free apps and YouTube podcasts.
Been listening to him for 3 years now and he’s awesome.
We have no car payments, no cc payments and on accelerated mortgage payments that will have our house paid off in another 6 years for a total of 17 years out of a 30-year mortgage.
We’re doing 90% DR as we’re building an emergency fund which is equal to 6 months total income not 6 months of expenses.
So push come to shove and we button down the hatches we should be able to go a year if we’re both laid off.
Basically every year I get a pay raise the extra money is made to disappear and we just maintain our budget and lifestyle.
Same come upgrade time.
All the extra money will go to mortgage then savings and investments.