You're given $20,000 USD (or the equivalent in your local currency) to spend, but anything still left by the end of the day you lose for good. What are you spending it on?

toomanypancakes@piefed.world · 7 days ago

You're given $20,000 USD (or the equivalent in your local currency) to spend, but anything still left by the end of the day you lose for good. What are you spending it on?

grue@lemmy.world · 7 days ago

Better answer than “debt” unless that debt is at a high interest rate.

cymbal_king@lemmy.world · 7 days ago

Don’t discount paying off a modest 6-7% car loan. That’s a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a car payment every month can make a big difference for liquidity and peace of mind

grue@lemmy.world · 6 days ago

I would count that as “high,” especially when, as you suggest, you consider risk-adjusted rates.