How would you invest $40k?

[nando]

Go to Mexico and start a new "business".

[oldtestamentman]

Do something that would honor your parents.
I had to go through that about a year ago.
My modest parents worked very hard for everything they owned.
Keep that in mind and you'll find your answer.
Don't rush into it.
In general "do not invest that things that rust and moths can eat."

[gingib]

Why in the world would you pay off a a low interest rate mortgage on your house? Can someone explain this to me?

Edit: I would buy rental property in a good school district, or a index fund like someone said earlier.

Some house notes are over 4%.

I wouldn't personally call that a low interest rate. On a $200-250k house, that adds up to be alot of money

[Atfulldraw]

take 25 cents of it and call a good financial advisor.

None of us here can or should tell you what to do with it without knowing your full financial picture.

That won't stop us though......

[J Wales]

Why in the world would you pay off a a low interest rate mortgage on your house? Can someone explain this to me?

To sleep good at night. Is the write-off on the low interest rate worth the piece of mind of having a paid off house?

[TexasArchery_27]

What would I do with $40 from inheritance?

1.) Pay off any and all debts = +/- $10,000

2.) Max out contribution % in 401(K) = using about $6,000
from inheritance to make up difference for 1 year

3.) Install Solar Panel system in house = $20,000

4.) $3,000 to savings

5.) $1000 for new rifle

[sandhillhunter]

I would say it is not Josey Wales.

To look at it another way- if you owned your own house (primary residence) free and clear, would you take out a mortgage to invest the money?

Most people would say no.

Some people love debt and like to play the game and would say yes.


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[Kdog]

Pay off debt. Yukon moose hunt sounds good too.

[Burnadell]

take 25 cents of it and call a good financial advisor.

None of us here can or should tell you what to do with it without knowing your full financial picture.

That won't stop us though......

Okay, who are you, and what have you done with Rod???

[Charles]

Why in the world would you pay off a a low interest rate mortgage on your house? Can someone explain this to me?

Edit: I would buy rental property in a good school district, or a index fund like someone said earlier.

Have you ever experienced a paid off mortgage?

I have had a mortgage and no mortgage. I much prefer the no mortgage.

Do You know how quickly you can build wealth with no mortgage or other debts?

[Atfulldraw]

Okay, who are you, and what have you done with Rod???

and buy term life insurance.....

better?

[Burnadell]

and buy term life insurance.....

better?

Maybe, but I think you are drunk!

[alien77721]

Doesn't take nearly as much to live on when you don't owe anyone anything....


Now to the buying question, I would recommend you buy 2 or 3 new comfortable deer blinds for you and the other guys at the lease first!

I bert you do! 2-3 stands for $40k?! They'd bed pretty slick!

[OleTomTalker]

I bert you do! 2-3 stands for $40k?! They'd bed pretty slick!

But think how comfortable I (oops) you'd be hunting!

[TxDispatcher]

take 25 cents of it and call a good financial advisor.

None of us here can or should tell you what to do with it without knowing your full financial picture.

That won't stop us though......

Absolutely not!!