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10000needlescactus OP t1_j6nh4fd wrote

Reply to comment by Liquidretro in Trade in vehicle and acquire debt or fix current by 10000needlescactus

The subaru is on a 2.9% apr (owe 24k), a kubota tractor that I use to maintain a couple of properties on a 0% apr (owe 26k) I also have a mortage on my current business location at 6% interest which I only owe 10k on and a 5 acre property that I purchased for 250k back in 2020 that is now valued and been receiving offers for at 425k at 5.9% that I owe 60k on.

I finance when I can at low interest rates to keep cashflow in case the business needs cash injections. I save the rest of my income per month which greatly varies depending on activies I do.

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Liquidretro t1_j6ni31h wrote

That makes sense, but no mention of investments or retirement isnt' comforting.

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10000needlescactus OP t1_j6nipvm wrote

I'm building a couple of starter homes that I should be getting at least a 50k return on (each) this summer. And I only have a roth ira at the moment. im 30yrs old btw so I def need to look into more investment methods

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Liquidretro t1_j6nn65u wrote

Paying yourself now and letting that compound over decades will pay off in dividends when you are sore and old and want to retire at 50.

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