Thread: Investments

Pay off everything that you make payments on for starters.

Originally Posted by Tracker123

Pay off everything that you make payments on for starters.

That is the single biggest step toward financial independence. You can get by on a lot less and live a lot better if your check is not spent before you cash it. Also when they came out with the pre tax IRA plan everyone said save all you can pre tax and when you retire you will be in a lower tax bracket, etc.. Bull Malarkey. What they should have told folks like me would be to pay everything up front while you are in your peak earning years and retire and not pay tax on your savings as you draw it out. ROTH did not come along until later for me and I did not appreciate the advantage of ROTH so Uncle Sam gets a chunk of my monthly income from my IRA.