Join Date: May 2009
Thanked 59 Times in 46 Posts
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Forget paying off the house!!! With 3.1% interest rate right now, that wouldn't be the wisest choice. Invest it for a target of 5% per year which is very conservative. Market has been good this year as a whole. That puts me 5% ahead on $250,000 for a year, for a gain of $12,500. Debt on house is less than half of that (call it $125K anyway)......so interest on that for a year is $3875 @ 3.1%. $12,500 - $3,875 = $8,625 which buys a pretty nice set-up for nitrous and a Super Charger and then I get to do something the next year, and the next, and the next.........
2009 Dodge Challenger R/T Deep Water Blue 20" rims Cool as Hell
1995 Mitsubishi Eclipse GSX 2.0 Turbo Automatic
........with 99 front end and rear facia.
1995 Toyota T-100 SR5
Best Truck I've ever owned
2005 Kia Sorento
Great car but everybody keeps doorbanging the poor thing.
1975 Mustang II V-8
Highly Modified to 400+ HP, nothing stock except the radiator cap