Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "What to do with an extra $750K?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I am the pp who advocates paying off the mortgage and the student loans. I disagree with the statement above that paying off cheap debt is an emotional decision. Her interest rate is awesome at 3.5. But if she pays it off and saves the money she would have been paying towards her mortgage, her effective return on investment is 3.5 plus whatever her bank is paying in interest, and virtually risk free. [/quote] But how long does it take to save that back up again after you've plowed it all into places where it's hard to get at it easily (if at all?). That's a whole lot of compounded interest lost, because it's going to take quite a few years to save up a couple hundred thousand again, even with no loan payments. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
