I almost feel a little bad for posting this after the comments on my previous post but here goes.
Y bought a new to him pickup yesterday, a 2012 Dodge Ram. He traded in his pickup. Here are the numbers:
Price of new pickup $30,000 plus $1540 in taxes and registration
trade in $4000
credit card $2000
cash down $10,000
financed $15,540 at 2.66% for 48 months, payment of $342.03
Yes, we were debt free for one day. I'm not going to focus on paying this off right away. I want to build wealth by investing instead. More to come on that later.