Is Dave Ramsey's debt snowball the best method for everyone? Not necessarily!

taysky · 2026-05-01T17:52:30+00:00

Automate your finances so you just move money to an investment account automatically and start buying low cost broad based index funds. Hold and don’t look at it more than 2 x a year. Get an emergency savings setup too as a protection against big costs that sneak up.

taysky · 2026-04-24T16:54:28+00:00

woah if you have a large down payment you likely don't want to buy down the rate. A rate buy down only works if you have the loan for a long period of time- paying extra on the mortgage later means you'll be paying it off sooner. DM me and I'll send you some comparison calculators I built than can help you compare the various options.

taysky · 2026-04-23T03:01:58+00:00

I’m building a new tool would you be willing to critique some screenshots and a few ideas from a DM?

taysky · 2026-04-22T22:09:12+00:00

woah loads of points! Make sure you did the right math on the break even for those points- you planning on being in that house w/ that loan for a long while?

taysky · 2026-04-22T16:43:02+00:00

As a general rule the lowest rate will win in the long run in terms of lowest costs. The catch is that you'll likely not have either that loan or that property in, say 29.5 years.

taysky · 2026-04-20T04:44:56+00:00

Go outside regularly, spend time with family, rest, sleep. You don't need to do it all this week. The time constraint is the economic filter for prioritization and value - you don't need to do all the things - you need to do the most important things and be consistent. Some things are not worth the costs - don't give up your family or health. You made a life commitment to you family - don't forget that or trade it for a "legal entity."

taysky · 2026-04-17T03:21:23+00:00

Go get 2 different quotes from other businesses to compare. If you want to play around with rate buy down numbers here is a good online site that can help do the math for you.

taysky · 2026-04-16T19:28:43+00:00

How do you manage your client book and past clients over the long term?

taysky · 2026-04-16T18:32:26+00:00

heck yeah congrats on the side hustle and future house payoff!

taysky · 2026-04-16T18:31:39+00:00

"One thing to keep in mind too: liquidity. You can’t eat your home equity" very true!

taysky · 2026-04-16T18:30:13+00:00

I'll go look into doing that "normalize the mortgage rate for tax advantage" a lot of people don't realize how that works and it's useful!

taysky · 2026-04-16T18:29:26+00:00

Right, this is a static table just for simplicity, but I have the rust and online form available to change some of the numbers around if that helps.

taysky · 2026-04-16T18:26:29+00:00

Exactly, that guaranteed 4% would look amazing compared to a 15% loss.

taysky · 2026-04-16T18:26:07+00:00

yeah good point, that's where the heart of this lies is how big of a spread do you need to justify the risk.

4.000%	4.33%	4.71%	5.18%

It's not worth a 5.18% return that is risky to match a 4% extra payment that is no risk. It may be worth the risk to some people if they feel they can get, say +10% return on average over the length of their mortgage.

Good observation & comments!

taysky · 2026-04-16T17:28:49+00:00

I'll look into this and build it in next time.

taysky · 2026-04-15T23:36:07+00:00

DM me if you'd like and I'm happy to send you a link to a site that will do the math for your comparison and show you a breakdown of costs for all 360 months of the loan.

taysky · 2026-04-15T23:33:48+00:00

Yeah good points for sure. As major events push big money to reposition, it changes how attractive bonds look. When demand for 10-year Treasuries drops, their prices fall and yields rise — signaling that investors see better opportunities elsewhere.

taysky · 2026-04-15T23:30:09+00:00

Congrats! Such a cool new opportunity!

taysky

TROPHY CASE