If had a million dollars right now id pay off all my debts and put the rest in a high yield savings account and not touch it until retirement if possible. Would continue working to do my day to day.
If I had a million dollars right now, I'd just put 50% down on a house for my self, then put the rest into the stock market, and use the returns to pay the mortgage. Alternatively, I would just 100% put it all into the stock market.
I've been looking at articles online about planning retirement for the past 20 years, and I have seen savings goals go from 400,000 to 800,000 to now over a million dollars. The average Joe's never going to win because they keep shifting the goal post.
Beautiful message
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If had a million dollars right now id pay off all my debts and put the rest in a high yield savings account and not touch it until retirement if possible.
Would continue working to do my day to day.
If I had a million dollars right now, I'd just put 50% down on a house for my self, then put the rest into the stock market, and use the returns to pay the mortgage.
Alternatively, I would just 100% put it all into the stock market.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in October 2024…
I've been looking at articles online about planning retirement for the past 20 years, and I have seen savings goals go from 400,000 to 800,000 to now over a million dollars. The average Joe's never going to win because they keep shifting the goal post.
Need to save more than that !
So basically, if I save 1 million dollars, I invest it in a growing company that pays out dividends, I don’t have to work a day in my life 😅😅😅 wow
Nic