Quote:
Originally Posted by dinonz
Quote:
Originally Posted by BimmerDimmer6
Correct nothing is 100% certain. That's why you don't pay off long term debt and find a better use for your cash. Anything under 3% is free money.
It's all relative though. Depends what op wants to accomplish in life.
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My home loan is 3.5% - but I agree. I don't think it's worth paying down, as I feel I can do better with the money elsewhere. Well, not me., Someone who knows what they're doing.
Weird part is I feel like I have a winning lottery ticket in my hand. In 5 years time, I could have 8 figures easily - or could have nothing. In the interim I want to try to make sure that if it swings the way of nothing rather than 8 figures then I will still have a very comfortable retirement. |
You have $1.1 M in cars and are on track to have an 8 figure net worth in 5 years and are seeking financial advise on a car forum?
I think we should be the ones asking you for financial advise, not the other way around.