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<blockquote data-quote="JL 0513" data-source="post: 2097285" data-attributes="member: 50088"><p>Pickles, with no mortgage, I would also say look into something like investment property where you can turn a hard asset into a constant cash flow through renters. That's a lot of money to dump into what amounts to a gamble. As an example, you could buy a 3 family home and collect 3 rents a month while paying a mortgage that's about half of what you collect. There's a little work involved if you were up to it. I imagine the return would be significantly more than a 401k. Plus, you will have an extra property to sell in your retirement when you no longer want to maintain it. That could be at least a few hundred grand right there. </p><p></p><p>As for the advice above saying screw enjoying your money now, I disagree. Living life in your younger years is more worthwhile IMO than when you're old. The worst scenario is dying early in retirement leaving all that money you killed yourself saving while sacrificing the joy in the prime of your life.</p></blockquote><p></p>
[QUOTE="JL 0513, post: 2097285, member: 50088"] Pickles, with no mortgage, I would also say look into something like investment property where you can turn a hard asset into a constant cash flow through renters. That's a lot of money to dump into what amounts to a gamble. As an example, you could buy a 3 family home and collect 3 rents a month while paying a mortgage that's about half of what you collect. There's a little work involved if you were up to it. I imagine the return would be significantly more than a 401k. Plus, you will have an extra property to sell in your retirement when you no longer want to maintain it. That could be at least a few hundred grand right there. As for the advice above saying screw enjoying your money now, I disagree. Living life in your younger years is more worthwhile IMO than when you're old. The worst scenario is dying early in retirement leaving all that money you killed yourself saving while sacrificing the joy in the prime of your life. [/QUOTE]
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