No. of Recommendations: 0
Again, great advice! I've been away for a while, but have enjoyed catching up with your replies.

I really appreciate your point of view, ckollmann. I'm going to spend some time considering this. The $40K is total for both of us in retirement. Your question: "Is your goal to increase your net worth, or eliminate your debt as fast as possible?" Honestly, this is the crux. That's exactly what we're trying to figure out. We live in a small town where we make a good living. We're considering a move to a bigger city, where our kids will have some more opportunities, but it would actually mean a lower income for us. So we're trying to decide 1) Is that a good idea? 2) How do we get ourselves into a good position to do that?

"It doesn't have to be an all or nothing decision..." You are absolutely right! I need some perspective on finding balance!!! I started feeling like "debt-free in 2 years" is the only goal, but then I think about building retirement, having investments, etc. A balance of the 2 is probably a better way to go.

Thanks again!!
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement