Comments on: How To Manage Debt And Build Wealth http://dividendmoney.com/how-to-manage-debt-and-build-wealth/ Personal Finance With A Cash Flow Focus Thu, 17 Nov 2011 16:19:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Carnival of Debt Management #40 | Credit Card Lowdown http://dividendmoney.com/how-to-manage-debt-and-build-wealth/comment-page-1/#comment-18332 Carnival of Debt Management #40 | Credit Card Lowdown Tue, 26 Feb 2008 15:38:24 +0000 http://dividendmoney.com/how-to-manage-debt-and-build-wealth/#comment-18332 [...] presents How To Manage Debt And Build Wealth posted at Dividend Money. An article on how to manage debt in order to build wealth. It shows us [...] [...] presents How To Manage Debt And Build Wealth posted at Dividend Money. An article on how to manage debt in order to build wealth. It shows us [...]

]]> By: Tyler http://dividendmoney.com/how-to-manage-debt-and-build-wealth/comment-page-1/#comment-18304 Tyler Mon, 25 Feb 2008 15:24:07 +0000 http://dividendmoney.com/how-to-manage-debt-and-build-wealth/#comment-18304 D4L, Yes, the story about the sharks is true - amazing how brave we are when we are ignorant of the dangers that surround us. I do applaud you for paying off your mortgage at such an early age - it must be an awesome feeling. I flip-flop in the subject because I feel the safety net and personal satisfaction that I would get from being mortgage free would be nice, but the opportunity cost of the lost compounding of wealth by not making investments with a higher ROI haunt me as well. D4L,
Yes, the story about the sharks is true – amazing how brave we are when we are ignorant of the dangers that surround us.
I do applaud you for paying off your mortgage at such an early age – it must be an awesome feeling.
I flip-flop in the subject because I feel the safety net and personal satisfaction that I would get from being mortgage free would be nice, but the opportunity cost of the lost compounding of wealth by not making investments with a higher ROI haunt me as well.

]]> By: Dividends4Life http://dividendmoney.com/how-to-manage-debt-and-build-wealth/comment-page-1/#comment-18302 Dividends4Life Mon, 25 Feb 2008 14:24:11 +0000 http://dividendmoney.com/how-to-manage-debt-and-build-wealth/#comment-18302 Tyler: I understand and appreciate the power of leverage. For me, paying off my mortgage was a personal choice. Being in finance and accounting, I have the opportunity to be involved with M&A at my company. It is exciting to see the company grow, but it is sometime tough to see other people lives shaken to their core. I fully expect to be on the other side of the table one day (I actually have been involved in preliminary talks that fell through). Once I saw a picture of people playing in the water at the beach with a school of sharks 30-40 yards away. The picture was taken by a helicopter pilot who routinely patrolled the beach. The caption on the picture said this was not an unusual sight and if people knew what he knew they would fear for their lives and never go in the water. Sometimes I feel that way as I pass fellow employees at work. Best Wishes, D4L Tyler: I understand and appreciate the power of leverage. For me, paying off my mortgage was a personal choice.

Being in finance and accounting, I have the opportunity to be involved with M&A at my company. It is exciting to see the company grow, but it is sometime tough to see other people lives shaken to their core. I fully expect to be on the other side of the table one day (I actually have been involved in preliminary talks that fell through).

Once I saw a picture of people playing in the water at the beach with a school of sharks 30-40 yards away. The picture was taken by a helicopter pilot who routinely patrolled the beach. The caption on the picture said this was not an unusual sight and if people knew what he knew they would fear for their lives and never go in the water. Sometimes I feel that way as I pass fellow employees at work.

Best Wishes,
D4L

]]> By: Tyler http://dividendmoney.com/how-to-manage-debt-and-build-wealth/comment-page-1/#comment-18296 Tyler Mon, 25 Feb 2008 02:50:34 +0000 http://dividendmoney.com/how-to-manage-debt-and-build-wealth/#comment-18296 D4L, I hope to also be debt free at some point in the next 6 years. Although, I do wonder if I should keep my mortgage as it is cheap leverage (4.5%) and I have plenty of equity for safety. D4L,
I hope to also be debt free at some point in the next 6 years. Although, I do wonder if I should keep my mortgage as it is cheap leverage (4.5%) and I have plenty of equity for safety.

]]> By: Dividends4Life http://dividendmoney.com/how-to-manage-debt-and-build-wealth/comment-page-1/#comment-18294 Dividends4Life Sun, 24 Feb 2008 03:33:07 +0000 http://dividendmoney.com/how-to-manage-debt-and-build-wealth/#comment-18294 Great read! I have been debt free for 10 years when I paid off my mortgage at age 35. It is a lot easier to build a portfolio when none of your money is going to pay interest. Best Wishes, D4L Great read! I have been debt free for 10 years when I paid off my mortgage at age 35. It is a lot easier to build a portfolio when none of your money is going to pay interest.

Best Wishes,
D4L

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