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<blockquote data-quote="Shadowrider" data-source="post: 2020711" data-attributes="member: 3099">Here&#039;s my plan.&nbsp; Come February I&#039;m paying off both of my cars.&nbsp; I&#039;m going to stuff those car payments into a brokerage account and buy nothing but dividend paying MLPs and royalty trust stocks. (I already own some)&nbsp; DRIP and DCA are your friend.After I get enough dividends coming in to pay my mortgage payment, I&#039;m then going to keep stuffing the car payments into extra principle payments on my house payment over and above what I&#039;ve always paid.&nbsp; Then I&#039;ll go back to stocks with the house payment that I don&#039;t have to pay anymore.&nbsp; I figure that I&#039;ll be debt free and have a nice chunk in 10 years or I&#039;ll be debt free far sooner with less of a chunk.&nbsp; It all depends on my ability to resist paying off the mortgage the 1st instant I have the cash to do it.&nbsp; It&#039;s just going to depend on the interest rates and what&#039;s going on at the time, but in general I <s>hate</s> make that detest having debt.</blockquote>

[QUOTE="Shadowrider, post: 2020711, member: 3099"] Here's my plan. Come February I'm paying off both of my cars. I'm going to stuff those car payments into a brokerage account and buy nothing but dividend paying MLPs and royalty trust stocks. (I already own some) DRIP and DCA are your friend. After I get enough dividends coming in to pay my mortgage payment, I'm then going to keep stuffing the car payments into extra principle payments on my house payment over and above what I've always paid. Then I'll go back to stocks with the house payment that I don't have to pay anymore. I figure that I'll be debt free and have a nice chunk in 10 years or I'll be debt free far sooner with less of a chunk. It all depends on my ability to resist paying off the mortgage the 1st instant I have the cash to do it. It's just going to depend on the interest rates and what's going on at the time, but in general I [s]hate[/s] make that detest having debt. [/QUOTE]

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