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<p>[QUOTE="softmentor, post: 1492765, member: 10469"]This sounds about right to me <u>IF</u> you can pay it off rather quickly, say, in 3 years or less. I would stop buying new coins though for this season, and put everything you can to getting that debt behind you. Run from debt like a gazelle runs from a lion. It can easily become an stone around your neck as you try to swim. Also, don't take on any new or additional debt. No car loans, no mortgages and definitely no credit card debt. </p><p>Remember, holding the coins and keeping the debt is a little like paying a monthly tax on the coins. </p><p>I gather that you are no stranger to lots of work. Sounds like you worked while you were in school. Keep going and work a second job if needed to be able to retire that debt quickly. If you can't do it at least that fast, then I would recomend that you let go of some of the collection, and once you have the loan paid off, you can buy new coins ... with cash.[/QUOTE]</p><p><br /></p>
[QUOTE="softmentor, post: 1492765, member: 10469"]This sounds about right to me [U]IF[/U] you can pay it off rather quickly, say, in 3 years or less. I would stop buying new coins though for this season, and put everything you can to getting that debt behind you. Run from debt like a gazelle runs from a lion. It can easily become an stone around your neck as you try to swim. Also, don't take on any new or additional debt. No car loans, no mortgages and definitely no credit card debt. Remember, holding the coins and keeping the debt is a little like paying a monthly tax on the coins. I gather that you are no stranger to lots of work. Sounds like you worked while you were in school. Keep going and work a second job if needed to be able to retire that debt quickly. If you can't do it at least that fast, then I would recomend that you let go of some of the collection, and once you have the loan paid off, you can buy new coins ... with cash.[/QUOTE]
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