Early Retirement & Financial Independence Community - View Single Post - Should I pay off these pesky credit cards???

Alan · 01-13-2007, 03:46 PM

It's a no-brainer for me - pay off the cc debt.

However I understand the mental issue. I used to be great friends with a guy who had $400K in his checking accout

and yet had a car note. He owned about 17 rental properties, worked as an engineer in the same company as me but said he had always had a car note and didn't want to spend cash an a depreciating asset. I could not see the logic but that was the way he was and who was I to argue with a multi-millionare :

01-13-2007, 03:46 PM	#14
Alan Thinks s/he gets paid by the post Join Date: Jul 2005 Location: Baton Rouge Posts: 2,071	It's a no-brainer for me - pay off the cc debt. However I understand the mental issue. I used to be great friends with a guy who had $400K in his checking accout and yet had a car note. He owned about 17 rental properties, worked as an engineer in the same company as me but said he had always had a car note and didn't want to spend cash an a depreciating asset. I could not see the logic but that was the way he was and who was I to argue with a multi-millionare : __________________ Age and treachery will usually overcome youth and ability Countown clock is at 9 weeks to be SIRE'd