Submitted by ChanceofChunderstorm t3_z95yfn in personalfinance
MikeWPhilly t1_iyfb5ob wrote
You can get a financial advisor but frankly unless it’s a networked connection for the amount of money it’s not worth it. You won’t be able to trust they are decent. If it were me you have two options:
- Buy an investment property. Could be lucrative cash flow for you and you won’t lose the down payment.
- invest in an index. Yes this year sucked, especially in S&P. but realistically if you put it in an index and come back in 15 years. you aren’t going to be unhappy with the returns. And considering your age still plenty of time to run it up.
I can’t picture for the life of me why you would pay off the debt. Especially since you aren’t struggling to pay the bills.
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