My hubby recently took me to see this great financial guru. He was on the local radio and can help us refinance our home. {do we even need to refinance?} So, being the good wife, I went.
I really wanted to yell at this guy. He spent the entire meeting putting a negative spin on all that I believe in. {financially speaking} He says that debt is good! You cannot get a tax break on your mortgage, if you don't have a mortgage. Seriously! He wanted us to refinance at a 30 year rate and get a big wad of cash back. {to keep our balance owed high!} ARE YOU KIDDING ME??
Ironically, Dave Ramsey spoke about this yesterday. If only hubby was in the car at the time. Dave basically said- why would you spend $10,000 on debt to receive a $2,500 tax break? You can be debt free, donate $10,000 to charity and still receive a $2,500 tax break.
I'm with ya, Dave! It's amazing that a guy on a radio can, pretty much, brain wash normally intelligent people into believing that debt is good. So glad Dave is there to balance out the stupidity! ☺
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