Should I pay off my car? Or invest my savings? Details: Car loan balance $13k at 2.85% Mortgage $91k at 3.25% Savings $43k (Diversified in very low risk investments) I want to have the peace of mind of not having a car loan anymore, but I am unsure if I should pay it off when interest is so low. If I pay off the car, I would have an additional 385 of savings each month. I have also been want…

Should we invest outside of our retirement account? My husband and I are 30 yo and recently bought in VHCOL. Together we make $301k and the only debt outside the mortgage is our car – we owe $36k on one (which we are hoping to pay off by next year) and the other one is fully paid. We contribute 6% each to our 401k and I get a 3% match while my husband gets a 5% match. I have $44k in my 401k and m…

Pay off my house or invest? Throwaway account due to privacy. I inherited $525k from a death in the family. 34 years old, married. $220k household income. $195k in 401k which is maxed each year $160k in two Roth IRA accounts (mine and wifes) maxed yearly. $40k in a taxable investment account. The ONLY loan or owed money we currently have is our home. Home was built in 2018…

Save for a house or invest more into the market? 21 Salary= 60k/y NW= 66k 54k = stocks 12k = savings I currently live with my parents and therefore have low expenses allowing me to save / invest ~3k/month. My question is whether i should allocate all 3k/month to my stock accounts or if putting half of that into a savings account for a downpayment is worthwhile. What type of variables should I…

If you had a 7.0% mortgage, would invest excess in market or to pay down mortgage? Moving into a new home soon and now that we are no longer in the times of free money, I have been rethinking how to allocate the excess. My plan is currently to max out our tax advantaged accounts, and then put the excess toward paying down mortgage, and then recast the loan to get a lower payment. Just seems silly to forgoe a guaranteed 7.0% ‘…

Which strategy is best to invest in early on. For a new brand that just launched/about to launch is more worth to invest in adv and drive traffic to the site or build an online presence first through SEO and social media? submitted by /u/RoccoCommisso

Should I pay off car loan with savings? Or should I invest what I have. So I have a car loan of $22000 with a 6.49 interest rate. I have 72 months of payments. I have just enough in my hysa to cover the whole loan. My hysa makes 4%. My question is should I pay this off right now. Draw it out for a while, or continue on making the payment of less that 400 to term. This is my first loan on my credit history. I have a …

LPT: Invest in companies that you hate If the company ends up failing, you hate them anyway so that’s good. If they succeed and grow, then also good because now you’re richer. It’s a win win. submitted by /u/idontknowyet

How to Invest and Build Wealth with 20k? I’m seeking advice on how to effectively manage my finances to build wealth from my current starting point. Here’s a breakdown of my situation: I’m a 27-year-old single man living by myself and working in Switzerland. I have 20,000 CHF in my savings account and can save around 2500 CHF each month. I’m looking to allocate my funds in percentages …

You Can Invest Sustainably and Still Make Money What’s the point of investing if we don’t have a planet to do it on?

Starting late. How to invest. Over 40 & No debt. Feels like I’ve missed so many boats. I’ve committed the ultimate mistake of wasting time. What’s done is done. I never invested because I never had enough to warrant getting started. Unsure of how to begin. While I would like the opinion and experience of someone who knows more than I do, it’s known that some advisors are mor…

What’s the best way to invest 50K? I’ve been investing the last couple years and so far it’s been okay. I’ve managed to save a bit and wanted to diversify the investments a bit. I put 22K in the stock market (S&P 500, Apple, Berkshire and Nike) 10K into this online business for passive income Would love to get involved in real estate but not sure if now is the right time. What…

35 years old. Invest or lump sum mortgage? Hate having debt over my head. Owe $275K at 2.5% on my house: $1208/month payment. I have enough saved to do a big dent on the principal. Was thinking a lump sum of like $100K (currently sitting in a 5.5% CD that expires in March) , and this saves me nearly $80K in total interest on the mortgage. I also max out my roth and have for the past 12 y…

Close loans or invest in stock I have a car loan with an outstanding balance of $21k with 3.5 years left on it. Monthly payment is $583 with 1.5% interest rate. I have $22k invested in individual stocks (top 5 s&p companies). I have a goal of saving $40k by June 2026 as my daughter is graduating high school and saving for her first year of college. As my car interest rate i…

Should I invest in 529 if unsure about kids? Title pretty much says it all: have some money in taxable right now, thinking how to maximize tax advantages accounts after maxing out 401k, IRA, etc. I’m 28 and my partner is 30. We both took transitions and are in early stage of our new careers, so we are really not sure when we will have kids, or even whether we will. Does 529 only make sens…

What’s the smartest way to invest 25k? I’ve got 25k in my savings and I want to be wise about investing it. What are some good ways both short term and long term to invest this money? I’ve thought about investing in land or housing but I’m not sure. submitted by /u/TheVirginVibes

Should I get more aggressive with my student loans or invest my money? I know questions about paying down student debt have been beaten to death but just looking for some input regarding my personal situation. Loan 1: 87k @ 4.49% – $981/mo (Private) Loan 2: 10.8k @ 4.375% – $83/mo (SAVE) Loan 2: 19k @ 4.375% – $153/mo (SAVE) Income: On pace to gross 90-95k from W2 job, made another 15k from 1099 but will probably…

Is it more important to invest more money in your 401k when you are younger rather than when you are older? I ask because I have a idea (might be a dumb idea Idk thats why I’m asking) I’m currently contributing 10 percent of my pay in to my 401k. Its like 15 percent with the employer match. I’m 32 years old and my idea is in maybe like 8 years drop my contribution down to 5 percent which would bacicly give me a 5 percent raise! Am I dumb? Does this ma…

Recently obtained my first mortgage. Should I pay it off as quickly as I can, or should I invest what I can? I need help. Recently just purchased my first home. I’m 31 years old and married and live in NY. Purchase price was $310,000. I put 60k down. Interest rate is 7.1%. My mortgage payment is around $2,500 including escrow for taxes, home insurance etc. I have started earning much more in the last few years, $135,000-155,000 pre tax and average about $6500 a mon…

How best to invest or use money from lawsuit payout? Trying to figure out how best to invest or use medical lawsuit payout of 95k. I grew up poor and am just now learning what index funds are, how to invest, and things of that sort. I’m (29F) a Ph.D. student full-time and work part-time as an adjunct professor. I bring home anywhere from $1500 to $2500 a month for part-time work. My husband (28M…