I was having a conversation with my GF today about our future plans and how I am struggling to get $5500 for my IRA contribution for the year. Her response is that I should use that money to put in on a house which I can rent out and this way it's a more tangible way of saving rather than having numbers in a bank.
I personally am working towards my retirement account as well as properties. But I tried to explain to her the value of compound interest and why starting early is important though she just has a different logic than me and I'm not able to explain why I think saving money is slightly more important.
Anyone have a good way of explaining which is more important?
Submitted September 22, 2017 at 09:22AM by dogsarecool3001 http://ift.tt/2wGEx8F
