Comments on: Poll: What is Your Current Most Important Financial Goal?

By: Creative Investor

Creative Investor — Sat, 27 Oct 2007 01:21:01 +0000

I think financial priorities should be in the following order: 1) Paying off high-interest debt; 2) Building an emergency fund; 3) Paying off other debt; 4) Saving for other purposes (such as buying a house). Saving for retirement should be concurrent with other goals after you’re done with #1.

I actually had a pretty interesting post on the related subject: Cashing Out Into An Early Retirement

By: MoneyNing

MoneyNing — Sun, 21 Oct 2007 23:35:09 +0000

Buying a home and then the mortgage will force me to vote for paying off debt

By: Webomatica

Webomatica — Fri, 19 Oct 2007 17:19:15 +0000

Socking away as much cash as possible as both an emergency fund and a downpayment on a home (probably 1 or 2 years from now which is about when I believe the real estate market will bottom out).

Retirement is automatic, only debt is student loans which we’re ahead on payments – a little worrisome but the interest rate is low.

By: Steve Austin

Steve Austin — Thu, 18 Oct 2007 21:04:28 +0000

other: develop a dividend-income portfolio of stocks so that I’ll pay no taxes next year (only income will be in IRAs, and dividends taxed at 0% for AGI in the 15% tax bracket)

By: Anitra

Anitra — Thu, 18 Oct 2007 19:21:08 +0000

In our case, our goal of paying off debt is part of buying a home. We just bought our home in May with only 5% down, and we are now aggressively paying off our second mortgage, which covers another 15% of the purchase price. Our goal is to have that paid off by January 2009.

Other than the house, our only debt is student loans, all with a lower interest rate than our mortgage.

By: Beth

Beth — Thu, 18 Oct 2007 18:59:53 +0000

I listed Emergency fund as my top goal, but it’s working hand-in-hand with saving to buy a house (two different accounts). But the emergency fund is slightly more important to me right now.

By: Asset Manager

Asset Manager — Thu, 18 Oct 2007 18:10:48 +0000

I have a new feature on the blog ‘Hedge Fund Manager Toy of the Week’ This week it is a fighter jet for the business executive… OK a little more frivalous than your serious posts… but one can dream….

By: wayne

wayne — Thu, 18 Oct 2007 18:07:51 +0000

Improving my cash flow. My mortgage (+taxes) consume 1/2 of my take home pay. Literally 1/2! And I live in a 130k house. 30year mtg, 6.5 int rate. 1300/month!

By: Crys

Crys — Thu, 18 Oct 2007 13:27:23 +0000

It really depends, as I have goals for different stages in my life.

My immediate Goals are to 1. Pay off my car by 2009 (a year early) and 2. Pay off all my fathers debts.

But in that process, my goal is to build my $5k emergency fund (and continue to build it beyond that so my next car is paid in cash) and also to save for retirement. I have my 401k and Roth IRA, but when it comes to investing I am completely lost.

By: Harrison

Harrison — Thu, 18 Oct 2007 13:17:16 +0000

I have dream to buy a new house for my family and also for myself as a work at home office.