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I have been reading the Doug to Doug to Doug, etc post and I must say it is a challenge to follow who is giving the advice. I just hope it's not required to be named Doug to retire early :)

Here is my take on paying down the car loan or paying extra on the house. That car loan rate seems pretty high, plus the interest is not tax deductable. At least the house interest is. Personally I hate paying interest on a depreciating asset such as a car. My vote is pay off that car.

On another note, several people responded about making sure you have an emergency fund. I couldn't agree more. It would be very unfortunate to have a good long term retirement plan get fowled up as a result of a major unexpected event.

My family is proof of that. We had our first son and he was born with a significant health problem. It lead us to temporarily move to be near the hospital and we kept our house and rented another place. It was more than our house. Everything worked out great, but because we planned well our standard of living was minimally impacted and our investments and retirement plan stayed on track. There was enough stress in our life waiting for our son to have a heart transplant. If we had been under stress from money issues it would have made the situation worse.

Fool on!

JDW
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