Hello. Quick question:
My family recently received a significant raise. This would be enough to pay off our cars and houses in 3-5 years instead of the 6 years and 29 years they have left on them now.
I talked with an individual that seemed to think it was better to pay off anything that could be paid off in a few months (cars and all other debt could be paid off in full in 10 months; House would then after that take 3.2 years) and after than compound that with the extra and just save and invest it. Mostly in cash he says until you get a significant amount saved.
(The cash saving just because he doesn’t think the future for the investing looked very bright because he thinks we are due for a crash or downhill relatively soon)
Advice?
Submitted March 04, 2018 at 03:40PM by AIC_ http://ift.tt/2tetxhj
