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Originally Posted by GregWeld
Great move!!!!
Now - let me ask you what you're going to do with the monthly payment you used to make - because in the long run - that decision will be the important one. In the sense of whether or not you just end up buying "stuff" (car payment etc) or you practice good finances and save most of it and invest it in "something".
I used to discuss "write offs" with my old accountant. His view was - If you make a dollar and you pay Uncle Sam 40 cents you still get to keep 60 cents.... If you spend a dollar to save 40 cents... which way will get you ahead?
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Great point.....spending will never get you ahead.
I won't lie, we've already splurged on a new couch and I plan to put some new LED lights up in the shop. After that though we will take money out of each pay check and set it aside. I don't want to get analysis paralysis but I plan to take my time and research and finally take a dive into dividend stock shopping.