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To: dalereed
Hey Dale guess what. I have about 15000 debt on credit cards. I pay about $50 more than the minimum on each one every month, and it is working fine. Know why? No, you don't know why. My interest rates are 3.99% and 4.99% until the balance is paid off.

Instead of paying off these 4 and 5 percent debts, I'm investing my money in options on gold and silver and stock indexes and make more every month doing that than the combined card payments are worth.

Until you know an individual's unique circumstances, it would behoove you not to shoot off your mouth so freely.

77 posted on 06/01/2011 8:09:39 PM PDT by hinckley buzzard
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To: hinckley buzzard

“I pay about $50 more than the minimum on each one every month,”

If you are doing so well on investments, borrow to the hilt on the cards and just make minimum payments. Otherwise, your plan doesn’t make sense.


204 posted on 06/02/2011 11:19:56 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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