Good advice from Rideandrepair
If I may ask... how old are you? How much time you have left on this earth can make a difference.
Should I pay off my Truck
Discussion in 'Ask An Owner Operator' started by Truckermaybe, May 12, 2021.
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if say for instance, you can find and buy a nice home for around $125-k in your particular area, then do that, and then maybe bank the rest as a starter for your retirement, and do not touch that.
if you pay cash for the equipment, you will NOT recoup all that you spent, as it devalued. you're gonna lose money.
and NO, DO NOT get into a lease/purchase deal either....that could bleed you dry.
invest for the long term.Last edited: May 12, 2021
Truckermaybe, Dino soar, nredfor88 and 3 others Thank this. -
Buy property. Rent the property out. Property will appreciate, income will allow you to buy more property, rinse, repeat. Stay a company driver for a good private fleet. Keep money rolling in until you can retire with your rental property income.
Truckermaybe, Dino soar, Rideandrepair and 1 other person Thank this. -
Truckermaybe, Rideandrepair and buddyd157 Thank this.
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Sorry. Short attention span
Rideandrepair Thanks this. -
Put it all in a good s&p 500 index etf, forget about it for 20 years. Retire a millionaire
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Dockbumper and uncleal13 Thank this.
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The last thing I'd do if $180k appeared is buy a truck. I'd buy some toys like a boat, bike etc. May as well enjoy it.
buddyd157 Thanks this. -
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