To the OP I never saw an answer as to why give up riding altogether? You can ride on the cheap, it doesn't have to be a 20K Harley. I see ride-able bikes for as little as $600, and Harley's for as little as $1500.

 

If you're going to do a TMM, go with gazelle intensity!Ive also read Dave's book and think the snowball method is fantastic. I am carrying around some student loans and a truck payment, but I bought a bike anyway because I have no other hobbies and nothing else to keep me sane. Granted my bike is nowhere near as nice as yours (99 sporty, $2500 cash for it) and I dont have any children to worry about. I greatly respect you doing whats best for your family at the expense of yourself.

 

Great point! To all the people that try to play this positive vs negative interest game I will quote Mr. Ramsey: "if you were that good at math in the first place, you wouldnt be in debt...so dont do it"

 

 

Been there, done that. From personal experience, it is much more fun to ride a bike YOU own instead of the bank.

 

I think this sums it up....

 

OK so it's not about debt really at all, it's the "I have a wife and baby and can't ride anymore" excuse. That's fine just come out with that in the first place. Sorry to be a d*ck but this just another guy who never really wanted to ride just wanted the big shiny toy to impress people. Riding a motorcycle isn't expensive, in fact it's a great money saver, riding an expensive motorcycle is expensive though.

 

As an electrical engineer I can guarantee you I can knock Mr. Ramsey's dick in the dirt when it comes to math. Paying off your house and/or investing in other things are both valid ways to spend your money. If you can't see that then maybe you should pull you heads out of your self-help books and think for yourselves a little bit. I asked a valid question in a respectful manner and some of you wanted to be dicks about it anyway.

Oh, and LMmarine86, your scenario about losing your job and then your house if you invest the money instead of paying off your mortgage...let's analyze that. If you pay off your house the net balance is $0. If you owe $100k on your house and you have $100k in a safe fixed asset portfolio the net balance is $0. The math is not difficult.

 

But if you invest that 100K and lose 50K of it in the same span of time like most people have, then you are down 50K towards paying off your home, math is still not difficult.

Again I don't know of any investment that's guaranteeing 8% return like you stated earlier.

 

I don't think anyone is being a dick, I think you are just getting your panties in a bunch for nothing.

I know tons of people that have your way of thinking..... They are all crying on wall street right now..

Let's talk in 20 years and see who's tactics have paid off shall we?