Submitted by [deleted] t3_1233auf in personalfinance
OldDog03 t1_jdtjide wrote
What my old college professor taught us was if you are going to make extra payment on a loan, then that extra should go towards the principle.
What my parents taught me was to not borrow money and save up when we needed to buy some thing.
Look up Dave Ramsey and team for some old fashion advice.
We did borrow money for our house and some investment properties, then paid them off as soon as possible.
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