I def will buy car cash very soon. Should I finance my lease out. Assume no as goal is to have NO debt. Just concerned if I buy a 8-10k used car one big maintenance issue could cost as much as a year of leasing. Thanks.
So out mortgage is at a fixed rate of 3.75%. I was told that it's better to take that money you might use to pre-pay the mortgage and invest it in stocks as you get a better return but I guess that might only be true for a longer period of time say 10+ years.
Without mortgage and car leases about 12k year that includes property tax
Not including mortgage or leases as we would make sure those don't exist when we stop working.
My wife has 125k and I have 500k in 401k. We have about 30k liquid. No kids. We have 280k left on our mortgage and house is worth about 320k. It's a legal two family so renting it out is always and option. No debt except two leased cars that are due to be up within the year.
When leave...