Thread: Money Investing megathread extravaganza
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Old 11-22-2016, 09:08 PM   #504
hometeam hometeam is offline
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Join Date: Jul 2011
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Quote:
Originally Posted by lewdog View Post
All of this is so mind blowing to me.

And no offense Hometeam, I think you clearly stated you weren't great with money, but it blows my mind someone can rack up debt like that in a housing area this is so cheap ($85k mortgage?). This seems to be a common trend across the country though.

I wouldn't worry about investing in anything outside of your 401k since you have never had one and have nothing saved for retirement. Take the highest contribution you can that maxes your employer match. Bump up your contributions after that according to getting your debt paid off. The 401k is a great investment vehicle for you to lower your taxable income on the higher salary.
When you have two 50k incomes with bills to match, and you lose one of those for four years, the other drops 10 grand, and you have a kid at the same time. Couple that with a edit: 16k bad business investment, and a 6k emergency, and its pretty easy.

Still have never missed a payment and have perfect credit. Plus I like to do racecar shit :/
Last edited by hometeam; 11-22-2016 at 09:19 PM..
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