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Joined 1 year ago
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Cake day: July 10th, 2023

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  • Some of his advice (mainly the first “baby steps” of paying off debts and getting some money saved) is reasonable enough. Snowball method of paying off debt may not be the most mathematically advantageous, but it does give psychological quick wins to those who may need it most. Paying off high-interest loans first doesn’t mean much if you get frustrated and give up. Setting a budget is also important.

    Once you get past that his advice is pretty awful though. Yes, I use credit cards but I pay it off. Yes, I have a car loan but its interest rate is so low I pay a rounding error’s worth of interest through the life of the loan. No, I’m not paying my mortgage off on a 15-year schedule because its interest rate is plenty low as well and I’ve got better things to do with my paycheck.









  • The big question is if you can charge at home. Depending on the car, it’s feasible to do so on a normal outlet if you drive ~30 miles or less per day. A 240 volt outlet can be a game changer on top of that though. My setup charges my car 0-100 in about 6 hours (you know, overnight, when I’m not doing anything and electricity is cheapest). But if I were in an apartment and had no access to overnight charging I’d consider other options.

    (Chevy Bolt EUV)