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Ramit Sethi on Spending, Renting, and Financial Misconceptions
Motley Fool Money
The Importance of Guilt-Free Spending
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You know, sometimes people just hate debt. And so it might make sense to pay off the smaller balance versus what would be economically rational with a higher interest rate. You've got to know how much you should spend on your fixed costs 50 to 60%. That's also part of my conscious spending plan and everything I talk about. Most of us don't know these basic numbers, so we don't really know the rules of the game.
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