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Finished high school 7 years ago. been working for 6 of them. first time i reached $10,000 in savings (25yo)
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this post was submitted on 07 Nov 2024
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I hope you're not keeping that on your bank account. Make it work for you. I've put all my savings into diversified, low-cost index funds.
I recently reached a point that I could pay off my house if I wanted to. I'm really tempted to, but I think I'll just keep it invested.
Is it giving you a higher return than you pay in interest? Personally I'd pay off the mortgage.
Spy has been yielding double digit returns for years... That's definitely bigger than most mortgages in the US.
Then you should get rid of your mortgage payments and put it all in that.
Huh? If my rate of return > mortgage rate it makes more sense to be leveraged. If my mortgage rate was 10% I'd be paying off my mortgage.