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- Oct 26, 2020
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Hi Forum, first I am a huge believer in Millionaire Script having read both books Unscripted and Millionaire Fastlane . I still am working full-time but I have a side hustle which will soon be my main hustle. The side hustle pays out a consistent residual payment that my family can almost live on, but still working full-time to improve my cash position.
After reading and rereading the chapters that are relevant to this discussion I am still confused about the allocation for Cash-Investments-Debt. I owe about $450k on my current mortgage on a 30-year fixed rate of 3.25%. My question for the forum is do I pay down my debt first, and then continue to build a cash position and then start moving into investments that yield a 5% minimum? Do I kill the debt before I do anything else? Thanks in advance!
Build Cash Reserves?
Investments that yield 5%
Pay down/off mortgage
After reading and rereading the chapters that are relevant to this discussion I am still confused about the allocation for Cash-Investments-Debt. I owe about $450k on my current mortgage on a 30-year fixed rate of 3.25%. My question for the forum is do I pay down my debt first, and then continue to build a cash position and then start moving into investments that yield a 5% minimum? Do I kill the debt before I do anything else? Thanks in advance!
Build Cash Reserves?
Investments that yield 5%
Pay down/off mortgage
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