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Save now, pay off debt later — a theoretical analysis

I received quite a few emails regarding my post from a few days ago, titled Preparing for the Worsening Credit Crunch. I forgot to enable comments, oops.

One of the emails was added as a comment because I had asked her to. A regular reader, Lane Petersen, emailed me the following question:

this advice goes against everything ive ever read from ramsey and other financial gurus. id love to see you prove them wrong tho, because we are in big debt and following ramsey’s advice and each month we have nothing left over and it is depressing. i read it twice and it does sound like it makes more sense in a harder economy. can i email you my financials and have you tell me how to go over payments?

Read the rest of this article at the gold investment site.

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