After reading TylerFromNE's diary yesterday, I'm rethinking my strategy for dealing with debt. Other than the fact that (when possible) I'm a compulsive bill-payer, I'm decidedly not a member of the "investor class."
I'm going to toss out in some detail my own situation, in hopes of prompting a discussion about what folks are going to do with their auto loans. I'd be willing to bet I'm not the only one in this boat, and I really want to hear from folks what the best approach is, given the way things are now and what's likely to unfold over the coming few years. (And if somebody here understands both financial planning AND has a sense of how tried-and-true strategies might NOT be the course to take now could advise, I will send your way all the cyber-blessings I can possibly muster, and then some.)
Join me below the fold for my piece (apologies for the length, but I'm trying to be thorough) and, please, let's discuss amongst ourselves what our best positioning strategies are now. How can we use what little money we have not only to stay stable but, hopefully, force the kind of changes we need to happen in the marketplace?
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