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Rustomatic83 t1_j9vady4 wrote

Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602

I'm not saying sale the car bro, I'm saying pay it off. That's an extra $900 bucks a month you can add to invest. Essentially your getting free money. Pay the car note off, enjoy your car and free up $900 capital. If shit goes side ways you could always refinance you car to get some money. I love cars as well.

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Downtown-Fig602 OP t1_j9vboal wrote

True man, do you think it would be bad to pay off 30k of it maybe, put 100k in safe stocks and 10k in riskier plays?

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Rustomatic83 t1_j9vc4mc wrote

Bro, just get rid of the car loan, you will save money from interest and you could do dumb risky calls with the $900 you would pay on your car a month.

Take 10 to 20K and throw it in a high yielding savings.

Then take the rest and buy a duplex, fix that bitch up, and create passive income.

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Downtown-Fig602 OP t1_j9vdngm wrote

True I guess I’ll just YOLO $900 every month after I pay it off

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Rustomatic83 t1_j9ve4h1 wrote

Create passive income. Would look into it. But definitely pay that car loan off and Yolo that $900 payment on whatever since you can afford it.

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