Lesson #8 had a message I wish I had heard 10 years ago. Dave stressed how important it is to buy a house in the right order of things. No one has any business buying a home until they are completely out of debt and have 3-6 months of expenses in a fluid emergency fund. Then you need to bring at least 10% for a down payment and get a 15 year conventional mortgage that has monthly payments no bigger than 25% of your household income. That's it. So frickin' simple. But this information came much too late to save me.
Next week is our final lesson with Financial Peace University and I can honestly say it was well worth the $95 investment.