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The Water Cooler
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Let's talk personal debt
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<blockquote data-quote="soonersfan" data-source="post: 2020082" data-attributes="member: 9063"><p>This is the best post so far. For those who think you can't generate a higher return than 3% on a reasonably safe investment, inflation is going to eat you alive. If you are interest free and sitting on cash making less than 3%, you are losing money. </p><p></p><p>You should not look at this as an all or nothing approach. Pay your mortgage down to the point where you can easily manage it and finance it for 15 years. You should have at least 20% equity in your home before considering alternate investments. I like rentals because they are forced investments and after the initial investment, someone else going to work every day to invest their money of my behalf every month. Stocks are fine but Real Estate is a good way to diversify. Generally you are protected from inflation as real estate tends to appreciate at a similar rate. I am generating better than a 12% annual return and have been doing so for 8 years now. The crash in 2008 hurt my IRAs and my kids IRAs but it did absolutely nothing to my real estate portfolio.</p></blockquote><p></p>
[QUOTE="soonersfan, post: 2020082, member: 9063"] This is the best post so far. For those who think you can't generate a higher return than 3% on a reasonably safe investment, inflation is going to eat you alive. If you are interest free and sitting on cash making less than 3%, you are losing money. You should not look at this as an all or nothing approach. Pay your mortgage down to the point where you can easily manage it and finance it for 15 years. You should have at least 20% equity in your home before considering alternate investments. I like rentals because they are forced investments and after the initial investment, someone else going to work every day to invest their money of my behalf every month. Stocks are fine but Real Estate is a good way to diversify. Generally you are protected from inflation as real estate tends to appreciate at a similar rate. I am generating better than a 12% annual return and have been doing so for 8 years now. The crash in 2008 hurt my IRAs and my kids IRAs but it did absolutely nothing to my real estate portfolio. [/QUOTE]
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