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Old 01-08-2009, 08:02 PM
wowitsdark wowitsdark is offline
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Join Date: Nov 2005
Posts: 2,940
I don't believe he accepts credit card on his website.

Last I knew, the only way he sells through his own company is via check or debit card.

Of course you can buy his books through Barnes and Noble w/a cc... but that's not buying *from* him.

ETA: Any financial *expert* who tells you to keep a mortgage for the tax deduction is no financial expert and not worth listening to.

Say your house payment is $1,000/month, of which $700/month is interest.

That means you pay $8,400 in interest annually.

That means when you file your taxes you won't pay taxes on that $8,400.

There is no tax bracket as high as 50%, but if there was, you would save $4,200 in taxes thanks to having a mortage.

Great! You saved $4,200!

How much did you have to pay to save $4,200? $8,400!

Spending $8,400 to save $4,200? Is that a savings? Ummmm... no.

Pay off the house, and pay Uncle Sam $4,200 rather than paying Bank of America $8,400 and getting a check back from Uncle Sam for $4,200.

Just buy a safe CD with the $4,200 you *aren't* paying to Bank of America anymore. In ten years, your CD will probably have doubled and be worth $8,400. In another ten, you'll have over $17,000. And that is just from ONE year of NOT paying interest. Imagine if you did that every year for the next twenty years, rather than dutifully paying $8,400 worth of interest every single year to the bank, all so you could get a $4,200 refund.

We paid off our house five years ago. I haven't looked back on that decision in regret once.

Last edited by wowitsdark; 01-08-2009 at 10:24 PM.
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