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Should I pay off Truck or keep money invested? : r . . . - Reddit Yes it makes perfect sense to payoff your high interest auto loans on your truck and RV as early as you can Not only you save on the interest, but also would help with your monthly cash flow which you can use to beef up your investments I suppose the reason I haven't is that I like the security of the money if that makes sense
Pros and Cons of Paying off Your Car Loan Versus Investing Paying off a car loan can eliminate debt and improve your credit score, but it also limits capital access and potential returns from investing Investing instead can provide greater returns in the long-term but comes with its own risks as well
Should You Pay Off Your Car Loan or Invest? - SmartAsset Whether you decide to pay off your car loan or invest your extra cash will depend on your financial situation, goals and risk tolerance If eliminating debt and improving cash flow is your priority, paying off the car loan may be best
Should I Pay Off My Car Loan or Invest My Money? Paying Off Car Loan vs Investing Generally speaking, if your monthly interest rate is lower than the estimated monthly return on the market, it makes sense to invest your funds in a non-risky manner The opportunity cost to paying off your loan is a potentially higher return in the stock market
financing car and investing the money vs. paying it off My current auto loan rate is 3 9%, while the tax exempt Vanguard Municipal Money Market Fund (VMSXX) has a 7-day yield of 3 96% For me personally I don't think it makes sense to pay off, although that could change
Mixed Feelings - Saving and investing vs. paying off car Generally speaking, you're looking at things the right way: paying of a 6% loan is financially better than putting that same money toward an account getting 4 5%; at the same time, it's worse than getting, say, 8-10% returns if you invest that money, but there's also no guarantee the market is going to make 8-10% over the time period when you
The Motley Fool: Pay off debt or invest? If your car loan’s interest rate is, say, 9%, paying that off is very reasonable If the interest rate is 4%, you might want to invest that money in stocks Depending on your risk tolerance, it can be worth paying a little in interest while aiming to earn more through stock appreciation
Investment versus Loan Payoff -- A Scenario Calculator - hughcalc. org Comparison of investment and mortgage loan prepayment to see which saves you more money in the long run Tax deductible interest saved offsets possible stock investment gains, so both are simulated over a fixed number of months to see which improves your net worth better
stocks - Pay off car debt, or start (value) investing? - Personal . . . Use the extra income to pay off the car loan You've effectively earned 3 95% a year without asking the bank for a loan or doing the work behind real estate investing You also now own the car outright and if times get really tough you can sell it outright without having to pay off the loan