₿logging₿itcoin on Nostr: His advice works well in an era of high interest rates and low money printing. 30 ...
His advice works well in an era of high interest rates and low money printing. 30 years ago, Ramsey had good advice.
If you spent 7 years paying off your debt before buying a house when interest rates were less than 3%, and then the interest more than doubles, you would have been better off buying the house before paying off the debt.
Ask me how I know.
Published at
2024-04-24 23:34:51Event JSON
{
"id": "ed52212d9ea6f02e456e557618826e287fd20801349944ba8d640a2861017edc",
"pubkey": "75bf23531ae9f98c62995ba07191e488ead475975371d63d7dfd46bde1bfa895",
"created_at": 1714001691,
"kind": 1,
"tags": [
[
"e",
"63b845dc182d5462e4f40bdddc451cb1adbcf45cacaad12043e57b1aea092784",
"",
"root"
],
[
"e",
"883b9a55a25f0c72357a6ae911e7e5d3f952aeff0b6253ca7fb1c0d767b23590"
],
[
"e",
"d0600d6557c66d23364d2ad2c8d0cf26b8bf48e0fd0fe92894e82ee60174ee55",
"",
"reply"
],
[
"p",
"75bf23531ae9f98c62995ba07191e488ead475975371d63d7dfd46bde1bfa895"
],
[
"p",
"58e54c28be28345c866c10ca16ab2d800ab4499504a4db390c644374c38253b9"
]
],
"content": "His advice works well in an era of high interest rates and low money printing. 30 years ago, Ramsey had good advice.\n\nIf you spent 7 years paying off your debt before buying a house when interest rates were less than 3%, and then the interest more than doubles, you would have been better off buying the house before paying off the debt.\n\nAsk me how I know.",
"sig": "e4a0f94277a15a83a78a08e64067e792837e42c6f7f5b73ef7a95ebc17e231c65f4378f533b7fe53ef603020c7c2ad180f6918bc9e8938fdf37f00388a7df909"
}
