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- Thread starter Chester Copperpot
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If you are OK staying in the area, I would pay it off. If you ever wanted to move I would put it up for sale and pay cash for a property that would meet all your needs.
With how low interest is, not really. Better off putting that cash in retirement and investment accounts
Depends IMO. I'd pay mine off just to never have to make a monthly mortgage payment.
You could dump even more money into higher yielding avenues instead of using it to pay off low interest money for a long time.
Totally depends on a persons situation and how they feel really. Knowing I could then lose my job and go work at a McDonalds low effort paying job, part time, and still cover all home bills is kind of a nice piece of mind.
You could dump even more money into higher yielding avenues instead of using it to pay off low interest money for a long time.
Totally depends on a persons situation and how they feel really. Knowing I could then lose my job and go work at a McDonalds low effort paying job, part time, and still cover all home bills is kind of a nice piece of mind.
Short story, it does take time, risk is dependant on your investment choices.
Only real major risk is everything goes bye bye completely. The market has always increased if you stayed in it, even after crashes. Won't get max gains, but most likely will be positive if in the consistent low risk areas. Think of it this way, if you dollar cost average (put in money consistently like $xx/month) you will be buying when its high and when its low which evens things out over long periods of time. As long as its a solid asset, you'll get 2-8% over time, on average, even with crashes. .
If you have a lot of money, you can dump more into low risk to get high risk gain percentage. That's how the rich get richer. 2% of 10k is nothing, 2% of 100 million is a lot.
But to get rich first, and fast, risk is higher and that's when you for sure can lose it all.
Diversify so when the high risk tanks, the low risk keeps you even and steady. But then when the high risk booms, it really booms and you sell when positive, but dont be greedy.
Those are very very very general broad notes.
I wouldn’t pay it off. With how low interest rates are right now, the longer it takes to pay it off the better. Your dollars today are worth more than your dollars tomorrow.
you can pay $1k/mo for a house that’s worth 200k today or pay $1k/mo for a house that’s worth 275k ten years from now.
you can pay $1k/mo for a house that’s worth 200k today or pay $1k/mo for a house that’s worth 275k ten years from now.
But, if he pays it off now could he not buy another place? Rent or flip to increase income?
Busy AF as well, Jan 4th (Mexico) can not get here soon enough. We have all heard that saying, "I need a vacation".
I REALLY need a vacation lol!
Literally do not even know where bears came from lol. I'm tired
Falcons/bucs
Falcons/bucs
Today's mild inconvenience: 7:30a uber I reserved last night showed he was 44 minutes out as of 7:26am, dude clearly wasn't coming to pick me up, he was taking other rides up north. Their software apparently didn't realize this was a problem and they charged me 29 bucks when I canceled so I could find another driver
I read the email and apparently those rides come with an "ontime guaranteee" so they owe me my $29 back plus $10 in uber cash which I won't end up using
Had a 4 day weekend with my parents and sister visiting. Fucked my whole week up now, does not feel like Monday.
Starting to think I have carpal tunnel in both hands. Have all the symptoms my Wife had a few years back, but she only had it on one arm (hand or wrist, whatever you want to call it lol). Can not use either hand for more than a minute or so before they start hurting to the point, I have to stop what I'm doing. I have a super high pain tolerance, so for me to stop means something is wrong. Something as simple as cutting up a few chicken breasts, I have to stop and take a break. Over the weekend, doing my sons GF brakes, few turns of the ratchet and just pure aggravation. Trying push the piston back on the caliper with my C Clamp, had to take a break lol. Going to the Dr has always been a last resort for me, but I think I'm going to have to eventually go see him.
Not many places are cheap everything is WAY to high right now and u won’t make enough with the headaches with renting.
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