The number one advice on debt is this. Don’t get any. In other words don’t spend
more than you have. Now, if you end up with debt, particularly in a mortgage,
these days, and this is the tax law changing, you can’t write off as much as
you used to. So the number one debt you want to get rid of is pay off your
mortgage. Think about getting mortgages don’t have
huge penalties to pay them off. Very often you can get them that after a year
you can start paying off the principal on an accelerated basis. There’s nothing
better in life particularly, if you’re starting out and you’ve just had your
first child with your significant other, you want to pay off that mortgage. You
want to get rid of that so you can start saving money and investing in your
future. The mortgage is most people’s biggest debt after their education.
Because student debt is a big problem too. Those are the two big ones. You want
to pay off that student loan and you don’t want to get stuck in a too big a
mortgage because you have to pay that one off too. Pay those off as fast as you
can and your savings will start.