@BarbellFi Ok so 15 years from now, what’s the inflation adjusted amount on that $52k? What about 20 years? Why do you always try to scare people from equity markets?
@RonaIdGrump@realEstateTrent I understand that. But at some point they will make you start paying principal if you are on the same loan correct? Or can you just pay interest in perpetuity on the same loan?
@realEstateTrent So you just continually refi after a certain period so your principal payback never kicks in? I could see Americans running into issues pending interest rate changes at the time of refi if they wholly stick to what you’re saying.
@BarbellFi I guess why risk a potential haircut of 5-10% in his services if btc crashes the moment he accepts and walks out. The dollar doesn’t do that.
@ramit Why 20% down? Pmi is actually very cheap. Wouldn’t your cash be better put to use in an asset that traditionally has a better roi and is liquid like stocks? As long as all aspects of home costs are in your budget.
@LearnLikeaCPA Fund the 529 during first 5 years or so of kid’s life. Then switch to taxable. Each subsequent contribution in the 529 is worth less and less since the benefit is tax free growth and time is your best friend for that benefit. Funding taxable later on gives you max flexibility.