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Updated almost 5 years ago,

User Stats

50
Posts
4
Votes
Nick Dillaha
Pro Member
  • Real Estate Investor
  • Fort Myers, FL
4
Votes |
50
Posts

Should I pay off my truck???

Nick Dillaha
Pro Member
  • Real Estate Investor
  • Fort Myers, FL
Posted

Hi! Trying to set my investing career off right. I always had the opportunity cost mindset and kept low interest debt to save for another rental property. Recently listened to a Dave Ramsey rant and he talks about paying off all small debts prior to saving. I have $55k in my savings and I owe $23k on my truck at 3.5%. $4,200 in interest savings if I pay it off today. Struggling because I’ve been saving for another property. I can probably save that $23k in a little over a year. Should I do it??

  • Nick Dillaha
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