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Author: MFDnSC Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: Re: Two months down-progress has defiantly been Date: 3/2/2004 9:25 AM
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Cash is Cash and Debt is Debt

And net worth is a reflection of Cash less Debt (Simple form)

$100 worth of debt at 10% (Lowball) = -$10

$100 of savings is making (Stretch) 2% = +$2

Carrying debt while having savings = -$8

Simple example of reducing debt by more than payments.

Now I'm planning for everything

Sorry but that is impossible.

I don't disagree with not adding to cc's, but the rate differences are costing you until the debt is cleared.
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