December 14, 2010 shop online at www.broadcasteronline.com Page 5 DAVE SAYS: What’s the reason for smallest to largest on the debt snowball? Dear Dave, Why do you recommend paying off your debts from smallest to largest when doing the debt snowball? Mike Dear Mike, This is a really good question! A lot of people wonder the very same thing when I bring up the subject of the debt snowball. Many folks think paying off the debt with highest interest rate first is the best approach. This seems to make sense mathematically, but I realized a long time ago if those people could do math they wouldn’t be drowning in debt in the first place! Debt is not a mathematical problem, it’s a behavior problem. I’m convinced that personal finance is 80 percent behavior, and only 20 percent head knowledge. The reason the debt snowball pays off debt from smallest to largest—even though it may be mathematically incorrect—is that modifying your behavior and inspiring your desire to get out of debt is more important than the math. Your probability of becoming wealthy has more to do with your behavior than your financial sophistication or academic pedigree. And besides, I’m a practical application kind of guy—not a theory guy. That’s why my way actually gets people out of debt when lots of other practices fail. When you pay off a small debt it means you’ve experienced success, and that gives you hope. Then, you move on the next larger debt. When you pay that one off—and you’ve wiped out two debts—it really energizes you. At that point you start to believe in yourself and that you’re on the road to becoming debt-free! — Dave Repaid the money, but relationship suffering Dear Dave, I borrowed money from my parents and paid it back over time, www.dunhamcompany.com Roofing • Framing • Concrete Work Foundations • Grain Bin Foundations General Contracting Licensed, Insured & Bonded FREE ESTIMATES 605-759-5437 Dear Claudia, If you paid them back, especially if it happened slowly or intermittently over time, there’s really not a lot you can do if they choose to hold a grudge over the situation. Generally speaking, though, it just takes a little time to heal these kinds of things. My guess is they’ll become more and more forgiving as time goes by now that they’ve been paid back. I’m sorry you have to go through this, but I hope you’ve learned a Patricia Curry: 605-661-2860 Andy Curry: 605-261-1202 Archie Dunham: 605-366-4625 www.broadcasteronline.com Jay’s Construction but now the relationship has become very difficult and strained. How can I fix this? Claudia $5,000 CASH TO BUYER AT CLOSE EXTENDED TO JAN. 2011 Also see us at Siouxlandhomes.com Virtual Tours 611 E. Washington Street - $119,900 2650 sf., 4 bedrooms & 3 baths, kitchen appliances included, huge 768 sf garage, dbl. lot. Top to bottom updates in 2006; lite form basement, tiled floors in kitchen, newer cabinets. 1506 Country Club Dr. - $164,900 SELLER SAYS “BRING ALL OFFERS!” Like new! 1600+ sf, 3 bedroom, 2 bath ranch, dble garage, all oak, applances, sprinklers, fenced yard, many extras. 207 W. Clay Street. - $60,000 Elk Point, SD 710 E. Main Street - $154,900 2103 sf Ranch (1/2 of duplex) 3 bedroom, 2 bath, main floor laundry. Huge LL family room, storage. Oversized garage, fenced yard, garden shed. Many updates. 3 bedroom, 1 bath, huge kitchen. New carpet/ flooring/interior/extior paint/roof 2009. 2 blocks from school. 209 W. Walnut Street - $98,500 20 Years Experience 602 S. Pinckney Street - $205,900 1/2 Duplex. 1034 sf, ranch, 2 bedrooms, 1 bath, main floor laundry. All appliances included. Single attached garage w/GDOpener and remote. 2-car garage on alley. Ranch, 2147 sf, 4 bedrooms, 3 bath, bay dining area leads to deck. Main floor laundry. Master bed/bath, walk-in closet. Huge garage, lawn sprinkler system. Third Saturday of every month through April. December 18, 10:00 AM -1:00 PM Clay County Extension Building (515 High St.) Shop now for unique Christmas presents and for Christmas dinner Bring the kids to meet Santa – free! Immediately following we will host a free workshop on adding value to your products to make them more attractive to and usable by consumers. What can be sold? (a) fruits and vegetables that store well like onion, garlic, apples, (b) anything grown in a greenhouse or with other methods of season extension, (c) honey, jams, jellies (d) preserved fruits and vegetables, (e) meats, (f) baked goods, (g) art, (h) crafts, (i) clothing and much more COUPON $ 00 VAFarmersMarket@gmail.com • VAFM.wordpress.com 1OFF Good for Dec. 18 only Limit one per customer valuable lesson in the process. Someone who lends money to a loved one has their heart— not their head—in the right place. It’s okay to give money as a gift sometimes, but loaning money to or borrowing from someone you know will usually lead to broken hearts and broken wallets. The borrower is always slave to the lender, Claudia. Besides, holiday dinners taste better when friends or relatives don’t owe each other money. Eating with your master isn’t nearly as much fun as eating with your family! — Dave * For more financial help, please visit daveramsey.com. Sewing Of All Kinds Mending & Alterations THE SEWING PLACE Vermillion, SD • 605-638-0109 Unreserved Auction ONLINE INTERNET ONLY Wednesday, December 22, 2010 First Lots Scheduled to Close at 10:00 AM Central Time www.bigiron.com NO BUYERS PREMIUM FEE & NO RESERVES!! The following equipment is owned by various owners, visit www.bigiron.com for owner names, items locations & phone numbers. TRACTORS: 07 JD 5603 MFWD Tractor 6.7 Hrs; 06 JD 6430 MFD Tractor, 1159 Hrs; 01 JD 9400 Tractor; 93 JD 4960 MFWD Tractor, 9835 Hrs; 93 AC 9630 MFWD Tractor, 3050 Hrs; 90 JD 4555 Tractor; 89 JD 4555 Tractor, 9581 Hrs; 88 JD 4850 Tractor, 16637 Hrs; 75 JD 4630 Tractor, 8672 Hrs; JD 4010 Tractor; Ford NH T5070 MFD Tractor, 881 Hrs; Case IH 9130 4WD Tractor, 9436 Hrs; JD 5420 Tractor, 3734 Hrs; 74 JD 4230 Tractor; 68 JD 5020 Tractor, 0136 Hrs; 66 JD 4020 Tractor, 10018 Hrs; 73 MM G1335 Tractor, 5265 Hrs; 80 IH 1086 Tractor, 7306 Hrs; 79 IH 3588 Tractor, 2760 Hrs; Case 1070 Tractor; Case 4690 Tractor, 5224 Hrs; 81 White 2-155 Tractor, 7810 Hrs; 76 White 2-85 Field Boss Tractor, 7127 Hrs; 65 Farmall 656 Tractor, 5625 Hrs; 64 Farmall 706 Tractor, 7912 Hrs; Steiger Cougar III ST270 Tractor, 13095 Hrs; 78 Versatile 875 Tractor, 6540 Hrs. HARVEST EQUIPMENT: 06 Case IH AFX 8010 Combine, 1253 Sep / 1706 Eng Hrs; 07 CAT Challenger 680B Combine, 1047 Sep / 1567 Eng Hrs; 01 JD 9750 STS Combine, 2295 Sep / 3394 Eng Hrs; 00 JD 9650 STS Combine, 2353 Eng / 1475 Sep Hrs; 97 Gleaner R62 Rotor Combine, 4608 Sep / 6571 Eng Hrs; (2) JD 7720 Turbo Combines; 92 Kinze 840 Grain Cart; 96 Brent 774 Grain Cart; Westfield MK 130-91 Auger; 07 Claas RU600 Row Crop Chopper Head; 05 Case IH 2062 36’ Draper Header; 02 Case IH 1020 25’ Flex Head. TRUCKS & VEHICLES: 96 Kenworth W900L Semi Truck; 85 Peterbilt 359 Semi Truck; 94 White / Volvo Semi Truck; 98 Ford F Series Pot Hole Patcher; 87 Kenworth Conventional Dump Truck; 01 Freightliner FL70 Service Truck; 83 Ford 8000 Grain Truck; 09 Chevy Impala LT Car. MOTORCYCLE: 02 Harley Davidson Fat Boy Motorcycle. TRAILERS: 00 Timpte Grain Trailer; Doonan Pup 600 Bu Grain Trailer ; 02 Titan 7’X24’ Gooseneck Stock Trailer; 87 Nu Van Technology SSCH 506 Lowboy Trailer; 76 Utility Flatbed Trailer. CONSTRUCTION: 86 Cat 963 Track Type Loader, 2802 Hrs; Fiat -Allis 345-B Wheel Loader, 8303 Hrs; 77 Cat 120G Articulated Motor Grader, 4837 Hrs; Komatsu D65EX-12 Dozer, 5427 Hrs; AC Scraper. HAYING EQUIPMENT: 08 Hesston / MF 9635 Self Propelled Windrower; 07 NH HW365 Self Propelled Windrower; Land Pride RCRM 3515 15’ Bat-Wing Mower; Case IH 8585 Baler; Hesston 4750 Big Square Baler; H&S BF14HC Hay Rake. TILLAGE EQUIPMENT: Brillion ST1630 16R30” Strip Till. PLANTING EQUIPMENT: JD 1910 Commodity Cart; JD 1760 12R30” Planter; JD 1710 12R30” Planter; JD 1750 8R30” Conservation Vacuum Planter; Krause 5436 36’ Drill. CHEMICAL EQUIPMENT: 04 JD 4710 Sprayer, 4108 Hrs; JD 4710 Self-Propelled Sprayer, 2480 Hrs; Red Ball 670 Pull Type Sprayer; Red Ball 003672G 655 90’ Sprayer; Rogator 854 Self Propelled Sprayer, 5300 Hrs; 86 International S2600 Floater, 4495 Hrs; Schaben 60’ Hydr Sprayer Boom; Orthman 625-732 16 Row NH3 Applicator. LIVESTOCK EQUIPMENT: Haybuster 2650 II Bale Processor. ATVs: 06 JD Gator CS 2X4 . LAWN & GARDEN: 09 Kubota ZG 227 Zero Turn Commercial Mower, 437 Hrs; 09 Kubota ZG 327P Zero Turn Commercial Mower, 538 Hrs. TELEHANDLER: 97 Sky Trak 6036 Telehandler, 9043 Hrs. SKIDSTEERS: 07 NH L180 Super Boom Skid Steer, 318 Hrs; 08 Case 450 CT Compact Track Skid Steer, 1570 Hrs; 01 NH LS180 Skid Steer Loader, 1300 Hrs; 05 Bobcat T 190 Gold Package Turbo Skid Loader. 526 ITEMS SELLING ON THIS AUCTION! The next Big Iron auction is on January 12!! www.BigIron.com is a division of Stock Auction Company, 1-800-937-3558