Quote (DuckManParkey @ Sep 10 2014 02:34am)
sub, Just to give you an idea, I put 25k down on my house which i got for 70k. In the 3 years I have averages 20% gain on my investments that I had left by not fully outright buying the house. My fixed apr on my house is 3.1 so the interest is not much since I am making more in gain on my investments than that interest costs in a long shot. Now same with the car I just got, yes I could have paid cash but why not take advantage of .9% financing? Again invest the money I would have used and get 20% return on that also.
Investing wisely is a smart thing whether you have the money to buy the things out right or not.
I had a 745 credit score when I bought my house 3 years ago so not like I was some kid who had no credit going in to buy a house.. I haven't checked it recently, but I can imagine it's a good bit higher.
And also my house was appraised at 123k this year, so I already made around 50k profit off buying this house.
also I live well with in my means, I don't have a cell phone or any credit cards with debt on them. Just my mortgage, car payment, insurance, and house bills. I live alone with no kids so not like many huge emergencies would come up that could bankrupt all the money I have invested
70k? Holy fucking cheap. That'll get you a trailer in these parts.