In response to:

Dave Says Credit Cards and Car Debt are the Same

AD15 Wrote: Mar 09, 2013 11:01 PM
I noticed that Dave did not recommend an IRA or other retirement fund. I agree. The government IS going to take all of those funds for their own and "pay" you what they want to, when they want to. The problem is that IF the value of the dollar continues to drop (and it just about has to with all the deficit spending and QEs) then money ANYWHERE is just about worthless. That included the stock market, bonds, checking accounts, saving accounts, CDs or a bucket in the back yard. There are things that WILL hold value. 1. Food 2. Water 3. Guns 4. Ammunition 5. Land (if agenda 21 does not just take it away from you) 6. Gold (maybe) 7. Silver (more usable) 8. A home in heaven.

Dear Dave,

My wife and I make $140,000 a year, and we’re working on our debt snowball. We’re almost out of debt, but we still have two small car payments and some credit card debt. She wants to get rid of the credit card debt but doesn’t mind us having car payments. Can you help me understand this?

Kelly

Dear Kelly,
I’m not sure I understand her thinking either. The car payments and the credit card debt are the same thing. They’re both debt payments, and you’re being charged interest on both of them. The...