Mozambiquer
Vendor , w/Business number
- Joined
- Mar 21, 2015
- Location
- Versailles Missouri
- TDI
- 2004 VW Touareg V10 TDI, 2012 Audi Q7 V6 TDI, 1998 VW Jetta TDI. 1982 VW Rabbit pickup, 2001 VW Jetta TDI, 2005 VW Passat wagon TDI X3, 2001 VW golf TDI, 1980 VW rabbit pickup,
So, how much is your house payment? How about putting that into investments instead? I halfway understand your reasoning, but still feel very much that I would rather be out of debt and have less cash than have tons of debt and lots of cash.Because there's over a dozen ways to use that cash more effectively. If I had paid off my mortgage when I had the cash to do so 8 years ago I would have a paid off house and $0 cash. Instead I left it in diversified investments and I have a ~$100k mortgage and >$500k in cash. Am I better off with $0 debt and $0 cash or $100k debt and $500k cash? If you can borrow at 4% and invest at 10% you should. Welcome to capitalism.
Which is one of the reasons I won't be getting a Tesla, as I won't go into debt to get a vehicle.