Rustomatic83
Rustomatic83 t1_j9vc4mc wrote
Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602
Bro, just get rid of the car loan, you will save money from interest and you could do dumb risky calls with the $900 you would pay on your car a month.
Take 10 to 20K and throw it in a high yielding savings.
Then take the rest and buy a duplex, fix that bitch up, and create passive income.
Rustomatic83 t1_j9vady4 wrote
Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602
I'm not saying sale the car bro, I'm saying pay it off. That's an extra $900 bucks a month you can add to invest. Essentially your getting free money. Pay the car note off, enjoy your car and free up $900 capital. If shit goes side ways you could always refinance you car to get some money. I love cars as well.
Rustomatic83 t1_j9v93qq wrote
I would get rid of the car note and then risk up. That's almost half your rent payment. Might even get a lower insurance rate once it's paid off. Not a professional, just what I would do.
Rustomatic83 t1_j9ve4h1 wrote
Reply to comment by Downtown-Fig602 in How would you invest 140k? Getting inheritance at 21yr old. by Downtown-Fig602
Create passive income. Would look into it. But definitely pay that car loan off and Yolo that $900 payment on whatever since you can afford it.