Has anyone read "How to Get Want You
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|Wed, 05-07-2003 - 8:36am|
I just got it in the mail and have started to read through it.
One of her main suggestions is that you should stop killing yourself to pay
off your debt. She says just pay the minimum and use your cash for your
own goals-travel, a house, whatever really matters to you. If you have any extra
it shouldn't go to the creditor, it should go to savings or for something
that will improve your quality of life. Your debt takes a back seat to the more
important things in life.
I really like the philosophy. We're down to two student loans and it's made
me rethink whether I should be trying so hard to get rid of them. It might
be nice to build up our savings, buy a refrigerator that we've been putting off for
two years or take a nice vacation first.
It's occurred to me that this philosophy is fine
for people who can comfortably pay all their bills. But if you're struggling
to pay the minimums, this advice probably doesn't really help.
Has anyone else read it or have any thoughts?