Comments on: Improving Cash Flow vs. Accumulating Wealth

By: Bad Credit Auto Loans

Bad Credit Auto Loans — Tue, 03 Aug 2010 15:26:34 +0000

I agree, I think the mental aspect of this decision outweighs the negligible monetary gains.

By: weslally

weslally — Fri, 14 May 2010 13:09:38 +0000

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By: Guaranteed personal loans

Guaranteed personal loans — Sun, 17 Jan 2010 18:31:06 +0000

Good sample, but I never bother personal loans. Since high interest rate could kill me eventually. I like business loan, it's quite hard to quality but it's worth to try.

By: boracay island philippines

boracay island philippines — Fri, 23 Oct 2009 04:36:43 +0000

I always pay personal loans on time so that I won't have problems regarding it. Now I know that I did a positive thing in paying my loans on time.

By: Citibank credit card

Citibank credit card — Tue, 15 Sep 2009 11:54:22 +0000

Paying high interest rates first can help you pay your debt wisely but still it is better to pay everything though it may be the highest nor the lowest interest rates still it will affect your credibility.

By: credit cards

credit cards — Mon, 14 Sep 2009 06:03:43 +0000

great article. Thanks for sharing your insight. This is a great help for us.

By: Secret Of Wealth

Secret Of Wealth — Fri, 01 May 2009 13:40:38 +0000

I agree with David that saving should be given more priority than spending uselessly.

By: marianaws

marianaws — Tue, 31 Mar 2009 12:08:05 +0000

i agree with “pay down your loans with the highest rates first.” cause i have a good experience by doing that

By: WealthBoy

WealthBoy — Wed, 24 Sep 2008 18:37:38 +0000

For many, improved cash flow indeed does provide a sense of security even when it is to the detriment of net worth. I think it helps to be informed when making such decisions by realizing the long-term cost and developing a good view of the big picture. In the grand scheme of things, 20 months isn't a long time to finish paying off an auto loan and in month 21 cash flow would improve by $670 vs. $600.

By: David

David — Wed, 24 Sep 2008 18:26:16 +0000

While I agree in principle about paying down highest interest loans first, the “mental” satisfaction in this case of not having car loan and not having a $600 outlay of cash each month for a car, could supercede any thoughts on interest rates. If this was me, I would pay off the car with the money and put the rest towards the house. A $600 reduction in monthly costs is too much to pass up for a $70 or so savings each month on a mortgage, at least for me. Great post