Posted on Apr 18, 2014
MAJ Steve Sheridan
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Posted in these groups: Finance Finance
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SSG Sensor Manager
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Eliminate depreciating asset loans:

 

Car loans = paying interest on a depreciating asset.  The worst idea ever.

Credit Cards = usually buying stuff that loses value as well.  TV etc.

 

Develop revenue streams.

Buy a house below your means that you can pay off quickly.  Be smart when you buy to target the "rental" bracket so you can rent when you PCS to create income streams.

 

Most importantly, find a way to convince the sig. other that money in the bank is better than luxuries that no one cares about after they meet you anyways (cars, designer clothes, etc)

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MSgt Keith Hebert
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Dave Ramesy and aggressive growth mutual funds
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MAJ Steve Sheridan
MAJ Steve Sheridan
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I'm a Dave Ramsey Certified Counselor (Jan 2002). He has lots of great advice.
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SFC Intelligence Analyst   Atl
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Pay cash for everything. Use credit cards only when in an emergency. Invest in retirement accounts. But first, Give back to God.
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