Originally Posted by
PNWFlyer
Dave Ramsey would not be very happy with you. You should take $800k out is savings immediately and pay off that debt.
Debt is bad. Just make sure you never do the math. you know the math that you are paying the bank only 2.25% on that money and the $800k you have invested is making significantly more that that. No sure why Dave Ramsey wants people to be poor.
I think because most people can't "help" themselves to more and more debt.
I think he finds it easier to just espouse one rule, and keep it simple. Just like he openly talks about HIS real estate investing, but rarely espouses that to his disciples on the radio.
Once that psychological debt veil is breached, then pretty soon, for a lot of folk, everything that can be bought on credit is, like cars, boats, etc and then soon your are paying more interest for crap that you can barely afford to keep up with.
So in a sense, Dave's, just like Suzze Ormans public philosophy is the same, quit buying **** you can't afford and live within your means and you'll lead a happier and more stable life.