01-02-2022, 09:55 AM
(01-02-2022, 09:16 AM)ken-do-nim Wrote: So instead of a Med cruise (I'm not a cruise person but this would be an exception), this summer will be Yellowstone, just after Labor Day.
Cruises are awesome, but Yellowstone is a must. I hope to get out there soon too. Hopefully 2023.
If you keep making 50% a year in your port maybe you can pay it off a little early. Just add some more leverage lol.
I do occasionally have fun with the investment calculators lol. Let's see ... yeah if I make 50% a year it says I end up with $50 million in 10 years
If I move out of my house in 4-5 years, I will either convert it to a rental or sell it. Chad's advice was to sell, though I have to recall the reasoning. If I'm renting it, the rent will more than cover the mortgage. I pay about $2200 a month on it, and if it were today, I would try to rent it for $3500/month. In the unlikely event I remain living here long term, I will have to run the numbers to see if paying off the mortgage say 15 years early is better than keeping that money in the market.
I made about 33% last year, not 50%. Doesn't matter though. I could write a check to pay off the mortgage today without much trouble though I'd have to sell a few things. The interest rate is 3.125%. Basically free money. Fee simple fixed rate interest at a touch over 3%? Not paying a dime of that early.