Gold Supporter
- Messages
- 24,463
- Reactions
- 37,074
I have a substantial amount of credit card debt. The total of my balances is equal to about 20% of my yearly gross income. I also have a relatively substantial gun, ammo and accessories collection. I would fairly value my collection to be about equal to the current total of my credit card debt balances. My balances are almost strictly on low interest (less than 3%) card offers and I juggle them around to keep them that way.
I am considering liquidating a bunch of my collection to speed up my debt repayment and get these cards paid off for good. Then I could rebuild my collection with cash only purchases after my debts are all paid off.
What would you do if you were in my shoes?
I am considering liquidating a bunch of my collection to speed up my debt repayment and get these cards paid off for good. Then I could rebuild my collection with cash only purchases after my debts are all paid off.
What would you do if you were in my shoes?