| Topic List | Page List: 1 |
|---|---|
| Topic | Would you rather have this pay with low debt or higher pay with high debt? |
| ChocoboMogALT 12/12/21 10:50:17 AM #11: | Let's say you live in Cali. Option 1 makes 31,468 after taxes. Option 2 makes 67,679 after taxes. That takes 3.6 years for option 2 to "beat" option 1. Pretax contributions will give 2 an even stronger advantage. It's easier to pay down debt than it is to raise your income. 2 is much better. If you have low interest rates, you can make larger investments with 2 and have compounding growth. The only way 1 is better is if you have zero impulse control, but that's like saying it's bad to win the lottery. --- "We live in a country Hasire.." ~ yosouf06 REVOLVER STAKE! http://img.photobucket.com/albums/v717/ChocoboMog123/AltEisenRChocoboMog.png ... Copied to Clipboard! |
| Topic List | Page List: 1 |