PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: bruc3lee on August 25, 2016, 07:11:31 PM
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You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.
You just recently inherited $70K.
What's the best investment you can do with it?
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You are in your early 30s. You have a full time job that pays 80K a year.
Renting a 2BR apt for 1400 a month.
You just recently inherited $70K.
What's the best investment you can do with it?
Put it in an IRA... and keep adding more funds in the future. Watch that nest egg grow...
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Buy property & make $$$.
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I'd put a down on a house and invest the rest.
But if it was me right now in the house that I'm living in and renting out my condo, I'd probably use the funds for a down on another rental property.
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Like everyone mentioned, i would take some of it to put down for my rental properties and invest the rest in an ira account. Leave it there, don't touch it. Now if I wanted to be a bit playful, I would take a few thousands and play it safe in the market.
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$70k is not much. Just put it down on a new home to lower your monthly payments. It'll save you from that $1400/month rent.
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$70k is not much. Just put it down on a new home to lower your monthly payments. It'll save you from that $1400/month rent.
True... I forgot that he's spending $1400/mth on rental.
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$70k is not much. Just put it down on a new home to lower your monthly payments. It'll save you from that $1400/month rent.
^^One of the best decisions I have ever made.