Quote:
Originally Posted by Mick
I got to the same point and couldn't stand it any more. First of all, she doesn't know the difference between gross income and net income, so she has completely ignored taxes. Second, in her example, she says the person at the end of the month is still "broke" because their expenses matched their income, except that she said they saved $1400 that month. In other words, she has no idea what the **** she is talking about.
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And she said to not put in to savings and instead use the line of credit if something comes up. Well, good luck getting the second $12k to pay toward principal if you have $6k in home repairs on the line of credit.
I think her system is "adaptable" be sure doesn't work the way she spells it out. You have to KNOW you will have no surprises for 6 or 7 years.