Originally Posted by W2R
This has been my approach as well. I'd prefer to buckle down and get out from under ANY debt, to worrying and stressing over which kind of debt I'd prefer.
Worry & stress? If you are on top of things, there's little of that. And I would guess that most people who are serious about FIRE are on top of things.
Mortgage at 4.25%
Car loan at 3.99%
Portfolio of dividend-paying & preferred stocks yielding 8.9%.
Monthly SS checks go to on-line checking account, from which:
automatic bill-pay sends payments to mortgage & car lenders.
For other living expenses:
Monthly pension check goes to a credit union checking account.
Monthly dividend income automatically gets sent to same account.
All done automatically without any manual intervention.
No buckling down necessary.