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Sure, you can put it all toward debt. But keeping a more spiritual view of things never hurts. But you're wrong, in most instances about one thing. A Personal pile of money probably wouldn't eliminate most people's debt. Lots of folks think if they only had more money everything would be fine, and all their financial problems would disappear. That's not usually how it works, though. Until you change yourself - your outlook and behaviors with money - you haven't fixed the problems that caused the debt in the first place. And unless *that* part of the equation is fixed, you'll stay in debt. You might have nicer things, but you'll still use debt to obtain them.
I guess some people put God before their own personal pile of money, eh? Chances are, if you can't live off 90 percent or your income, you can't live off 100 percent of it, either.
Since when has any politician, especially Obama, been trapped by a promise? Politicians must be two things, above all else, to succeed on the big stage - liars and hypocrites.
Enough mileage on a 3-year old vehicle that a new one makes sense? That's absurd. The average mileage driven per year is 15,000 miles. Multiply that by three, and you've got 45,000 miles. At that point a car is just getting broken in and getting a feel for the road. YOur cost comparison is off, too. 2014 Honda Civics start (basic) at over $18,000. A 2011 is valued at $15,000 - and that's assuming it's in great (pristine) condition. which no three year old car is in. Admittedly, Hondas don't depreciate as quickly as some makes, but you're still way off in your assertions.
"If you are looking for small cars, say Ford Focus class, you can often purchase a new one cheaper than you can get a recent model year used one when you take incentives into account." No, you can't. "Incentives" mean nothing when you're strapped with car payments and interest for 5+ years. In actuality, you end up paying much more.
Banked and taken whenever you like? Hardly. Most timeshares are not like this at all.
You might want to re-read. Nowhere did he say to *give* it away. And if you think a timeshare is an asset, then you're as dumb as you claim Dave's advice to be.
In response to:

Dave Says Don't Pay More for That Home!

MrTufts Wrote: May 14, 2014 3:40 PM
Heidi - You're partially right on the PMI. However, it only pays the remainder of what's owed on your mortgage. There would be nothing to replace your income for your family.
It doesn't say there was a cosigner. But if there was, they'd be not just morally but legally obligated to pay the loan if she didn't. Co-signing is stupid!
Boy, there's a brainy idea. She's already in bad financial shape and you want her to default and wreck her finances even more? Sheesh...
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