Quote:
Originally Posted by DaneMcCloud
You should put your money in a tax free Money Market account if you'd like to keep cash on hand.
Also, I'd avoid "paying off your house".
Most likely, it won't earn you 8-10% per year in the market (if not far more - I earned 28% last year alone). Refi the house to where it's "cheap money" and take the excess and invest it wisely with a good financial adviser.
You'll come out WAY ahead.
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Im sure you are right but this is just the easiest way for me to see how I can stop working by 40. Im a live to play person, not work to live. If I can make 75k a yr and not really have to "work" based off of the common definition then i will be much happier. If I pay off 4 properties and own them then I can make residual rent out of them at almost 100% profit after maintenance, insurance, taxes, etc. If I dont do that then I won't have a consistent form of steady income without working