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re: If you had $1 million what would you do with it?
Posted on 5/9/15 at 7:50 am to foshizzle
Posted on 5/9/15 at 7:50 am to foshizzle
quote:
If the interest rate is low enough, it may be worthwhile if the money can be invested at a higher rate. Many fortunes have been made this way.
Mathematically it makes sense. Unless of course you make some bad investments.
Personally I'd pay off my house which is the only debt I have at the moment. I'd probably keep about 50K on hand as short term savings cushion, and invest the rest in something I couldn't touch. Continue working and retire in about 20 years.
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