Casual Conversation

1691 readers

75 users here now

Share a story, ask a question, or start a conversation about (almost) anything you desire. Maybe you'll make some friends in the process.

RULES

Be respectful: no harassment, hate speech, bigotry, and/or trolling
Keep the conversation nice and light hearted
Encourage conversation in your post
Avoid controversial topics such as politics or societal debates
Keep it clean and SFW: No illegal content or anything gross and inappropriate
No solicitation such as ads, promotional content, spam, surveys etc.
Respect privacy: Don’t ask for or share any personal information

Casual conversation communities:

Related discussion-focused communities

founded 1 year ago

MODERATORS

[email protected]

134

Finished high school 7 years ago. been working for 6 of them. first time i reached $10,000 in savings (25yo) (lemmy.world)

submitted 2 weeks ago by [email protected] to c/[email protected]

37 comments fedilink hide all child comments

Too embarassed to tell anyone I know IRL, but am excited for my new future. Been throwing alot of money with small things. PC, alcohol, movies (and im ashamed to say, funko pops). Recently i took the plunge and cut out alcohol in an attempt to get my life together, and i feel like i have a whole new start.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 8 points 2 weeks ago (6 children)

I hope you're not keeping that on your bank account. Make it work for you. I've put all my savings into diversified, low-cost index funds.

I recently reached a point that I could pay off my house if I wanted to. I'm really tempted to, but I think I'll just keep it invested.

[–] Peppycito 8 points 2 weeks ago (3 children)

Is it giving you a higher return than you pay in interest? Personally I'd pay off the mortgage.

[–] [email protected] 9 points 2 weeks ago (2 children)

Spy has been yielding double digit returns for years... That's definitely bigger than most mortgages in the US.

[–] Peppycito 1 points 2 weeks ago (1 children)

Then you should get rid of your mortgage payments and put it all in that.

[–] [email protected] 4 points 2 weeks ago

Huh? If my rate of return > mortgage rate it makes more sense to be leveraged. If my mortgage rate was 10% I'd be paying off my mortgage.

load more comments (2 replies)