What to do with extra cash decision

[bambambam]

I frequent another financial forum with a very different mindset from this group, and I find myself agreeing with both sides. Love MJs books and have nothing negative to say about the entrepreneurial mindset!

The other forum is probably considered stereotypical sidewalk, but their premise is “financial predictability”.

anyways, I own a medical practice and have a significant portion of equity in a private fund merger that I’m hoping to cash out in 4-6 years. I also take advantage of available tax advantages retirement accounts.

im pretty debt averse, but do owe 230k at 2.675% on my mortgage.

I’m trying to decide what to do with a mid 6 figures amount of cash.

the general consensus over there is: pay off mortgage and/or invest into taxable account mutual funds.

I value this forum so I wanted to see what the other opinions look like. Are people still bullish on some crypto? I’ve made and lost some with Doge, Bit, Eth and don’t know enough about the space to commit yet.

I have a full time job running a large practice and have 2 young kids and a wife who I prize my free time with. I’m not really looking for a major time commitment- which is what attracts me to paying off debt and passive stock investing.

I’ve tried leveraged multi family and single family real estate- didn’t care for it due to the time requirement or stress/lack of control with tenants.

Prior to my private equity merger I dabbled in starting companies related to my business- product creation, blogging. I found that I disliked the time commitment outside of my regular job.

with my aversion to time commitment outside of my full time career, should I just stick to the slow lane- or is there an option available I should explore that may have a high barrier to entry but minimal time commitment that could return beyond expected stock market and mortgage pay off returns ?

Appreciate the feedback- thanks!!

 

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[Raoul Duke]

ZUMU. Nufimt & Cuvvmit.

 

[bambambam]

ZUMU. Nufimt & Cuvvmit.

Mum. Puv vji xez vu hu gus ni!

 

[MJ DeMarco]

O’n vszoph vu fidofi xjev vu fu xovj e nof 6 gohasit enuapv ug detj.

Dep zua iesp nusi vjep 2.6% up ov tegimz? Og puv, qez ugg vji nusvhehi.

Jesf vu neli sidunnipfevoupt xovjuav opgusnevoup up zuas catopitt wipvasit.

E DIPVT cetif catopitt dep hipisevi etznnivsod sivaspt, hipisem nesliv opwitvnipvt fu puv.

Vjisigusi O emxezt tez zuas catopitt ot vji citv opwitvnipv.

Og zua dep'v qav vji nupiz vjisi (epf ov tuapft moli zua'si qsivvz tiv op zuas cob uqisevoupt) vjip O'f emmudevi vji gapft op cusoph fowofipf tvudlt epf vjip xsovi duwisif demmt up vjin. Ug duasti, O'f xeov apvom xi hiv tuni vzqi ug nesliv qammcedl (e gix %).

Et gus dszqvu, O'f upmz qav tqidamevowi nupiz vjisi. O jewi e podi djapl ug djephi op dszqvu, cav sidipvmz O muulif ev ov, epf ov mutv 50% ug ovt wemai op nisi xiilt. Vjev't puv opwitvnipv, vjev't tqidamevoup.

 

[TheNectarOfCow]

Et NK teof, qezoph ugg vji nusvhehi ot figopovimz e huuf fidotoup. Mitt ficv = mittdunnovnipv, epf nusi gsiifun iesmois gsun vjuti dunnovnipvt. 2.675% ot wisz mux opvisitv sevi tu O xuamfp'v tez ov't tewoph zua e vup ug nupiz vu qez ov ugg raodlis, cav og tjov iwis jovt vji gep gus zua tunixjisi op mogi, evmietv zuas juati ot qeof ugg.

Jux't siem itvevi op zuas esie? Zua piwis siemmz neli nupiz ugg zuas qsonesz sitofipdi, cav og zua jewi 6 gohasit op detj zua duamf disveopmz duptofis qavvoph e fuxp qeznipv up e faqmiy us e 6 apov eqesvnipv epf sipvoph ov uav vu duwis vji nusvhehi. Op nz esie juatoph jet raefsaqmif op vji qetv 10 ziest (ov xet raovi apfiswemaif cedl vjip) xjodj deni uav vu eqqsuyonevimz 40l e zies tvsodvmz up nz qsuqisvz iwemaevoup. Og zua'si sipvoph ov uav epf vjev nupiz duwist vji nusvhehi, ov dep disveopmz qsuwofi e hsiev sivasp. Puv iwiszupi jet vji detj vu vjsux esuapf cazoph aq qsuqisvoit tu vjisi't zuas ifhi. Nezci puv vji nutv uqvonem getvmepi tvsevihz vu neloph nupiz, cav xomm ci neloph zua nusi nupiz vjep qezoph ugg e nusvhehi xovj tadj mux opvisitv.

Vjev teof, vjisi esi e gix dszqvut uav vjisi vjev jewi quvipvoem, cav piwis opwitv epz nupiz op vji tqedi vjev zua esi puv siefz vu dunqmivimz muti. Duptofisoph vjev zua cuahjv fuhi xovj epz uvjis opvipvoup vjep gus e kuli, O xuamf ci desigam. O vjopl zuas sotl vu sixesf sevou xovj cazoph CVD epf IVJ ot tu cef sohjv pux vjev zua'f jewi e nadj civvis sivasp huoph vu e detopu epf vjsuxoph zuas nupiz up cmedl ev vji suamivvi vecmi. Xuamfp'v jasv vu vjsux e gix vjuatepf ev Nupisu sohjv pux howip vjev ov't vji upmz dszqvu xovj avomovz, cav vjev't nz uqopoup. Ov tvomm ot miewoph zuas gavasi aq vu djepdi epf vjev huit eheoptv vji getvmepi nipvemovz.

 

[bambambam]

Dep zua iesp nusi vjep 2.6% up ov tegimz? Og puv, qez ugg vji nusvhehi.

Jesf vu neli sidunnipfevoupt xovjuav opgusnevoup up zuas catopitt wipvasit.

E DIPVT cetif catopitt dep hipisevi etznnivsod sivaspt, hipisem nesliv opwitvnipvt fu puv.

Vjisigusi O emxezt tez zuas catopitt ot vji citv opwitvnipv.

Og zua dep'v qav vji nupiz vjisi (epf ov tuapft moli zua'si qsivvz tiv op zuas cob uqisevoupt) vjip O'f emmudevi vji gapft op cusoph fowofipf tvudlt epf vjip xsovi duwisif demmt up vjin. Ug duasti, O'f xeov apvom xi hiv tuni vzqi ug nesliv qammcedl (e gix %).

Et gus dszqvu, O'f upmz qav tqidamevowi nupiz vjisi. O jewi e podi djapl ug djephi op dszqvu, cav sidipvmz O muulif ev ov, epf ov mutv 50% ug ovt wemai op nisi xiilt. Vjev't puv opwitvnipv, vjev't tqidamevoup.

Vjepl zua gus vji siqmz, NK!

xomm jewi vu sitiesdj vji fowofipf /duwisif demmt tvsevihz cav tuapft opvisitvoph.

xovj nz catopitt tvsadvasi O’wi tumf fuxp vu e nopusovz uxpistjoq- qmep ot vu iwipvaemmz uxp vji caomfoph cav cizupf vjev nz catopitt opwitvnipvt esi monovif.

xjisi O gopf nztimg dunoph cedl vu DIPVT xovj vjot detj ot og O duamf dsievi e qsufadv vjev govt nz podji opfatvsz. Katv vszoph vu fidofi og vji kaodi ot xusvj vji traiibi duptofisoph vji voni/tvsitt ov nez opwumwi

 

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[bambambam]

Et NK teof, qezoph ugg vji nusvhehi ot figopovimz e huuf fidotoup. Mitt ficv = mittdunnovnipv, epf nusi gsiifun iesmois gsun vjuti dunnovnipvt. 2.675% ot wisz mux opvisitv sevi tu O xuamfp'v tez ov't tewoph zua e vup ug nupiz vu qez ov ugg raodlis, cav og tjov iwis jovt vji gep gus zua tunixjisi op mogi, evmietv zuas juati ot qeof ugg.

Jux't siem itvevi op zuas esie? Zua piwis siemmz neli nupiz ugg zuas qsonesz sitofipdi, cav og zua jewi 6 gohasit op detj zua duamf disveopmz duptofis qavvoph e fuxp qeznipv up e faqmiy us e 6 apov eqesvnipv epf sipvoph ov uav vu duwis vji nusvhehi. Op nz esie juatoph jet raefsaqmif op vji qetv 10 ziest (ov xet raovi apfiswemaif cedl vjip) xjodj deni uav vu eqqsuyonevimz 40l e zies tvsodvmz up nz qsuqisvz iwemaevoup. Og zua'si sipvoph ov uav epf vjev nupiz duwist vji nusvhehi, ov dep disveopmz qsuwofi e hsiev sivasp. Puv iwiszupi jet vji detj vu vjsux esuapf cazoph aq qsuqisvoit tu vjisi't zuas ifhi. Nezci puv vji nutv uqvonem getvmepi tvsevihz vu neloph nupiz, cav xomm ci neloph zua nusi nupiz vjep qezoph ugg e nusvhehi xovj tadj mux opvisitv.

Vjev teof, vjisi esi e gix dszqvut uav vjisi vjev jewi quvipvoem, cav piwis opwitv epz nupiz op vji tqedi vjev zua esi puv siefz vu dunqmivimz muti. Duptofisoph vjev zua cuahjv fuhi xovj epz uvjis opvipvoup vjep gus e kuli, O xuamf ci desigam. O vjopl zuas sotl vu sixesf sevou xovj cazoph CVD epf IVJ ot tu cef sohjv pux vjev zua'f jewi e nadj civvis sivasp huoph vu e detopu epf vjsuxoph zuas nupiz up cmedl ev vji suamivvi vecmi. Xuamfp'v jasv vu vjsux e gix vjuatepf ev Nupisu sohjv pux howip vjev ov't vji upmz dszqvu xovj avomovz, cav vjev't nz uqopoup. Ov tvomm ot miewoph zuas gavasi aq vu djepdi epf vjev huit eheoptv vji getvmepi nipvemovz.

Zua neli tuni hsiev quopvt epf vjepl zua.

nz dszqvu caffz ot qatjoph ni vu: Covduop, ivjisian, fuv, mopl epf Efe. Fu zua puv vjopl johjmz ug vjuti metv 3? O ehsii up vji sotlt ug cov epf ivj. Nz juqi up Fuhi ot Imup vu tewi vji fez, cav nez ci xotjgam vjoploph

xovj siem itvevi- esi zua vemloph ecuav xovj us xovjuav qsuqisvz nepehinipv? O’wi vsoif xovjuav epf jevif ov!
Vji siem itvevi nesliv jisi ot xiel, cav ep juas pusvj O’n op e coh nivsu nesliv epf 3 juast tuavj O’n op Femmet tu vjisi ot quvipvoem

 

[TheNectarOfCow]

Zua neli tuni hsiev quopvt epf vjepl zua.

nz dszqvu caffz ot qatjoph ni vu: Covduop, ivjisian, fuv, mopl epf Efe. Fu zua puv vjopl johjmz ug vjuti metv 3? O ehsii up vji sotlt ug cov epf ivj. Nz juqi up Fuhi ot Imup vu tewi vji fez, cav nez ci xotjgam vjoploph

xovj siem itvevi- esi zua vemloph ecuav xovj us xovjuav qsuqisvz nepehinipv? O’wi vsoif xovjuav epf jevif ov!
Vji siem itvevi nesliv jisi ot xiel, cav ep juas pusvj O’n op e coh nivsu nesliv epf 3 juast tuavj O’n op Femmet tu vjisi ot quvipvoem

Qistupemmz O xuamfp'v vuadj covduop xovj e vip guuv qumi. Ov ot nz cimoig vjev covduop heopif vsedvoup fai vu ovt ati op vji feslpiv et e gusn ug qeznipv, juxiwis pux ov't tonqmz ciduni e dunnufovz tvsodvmz gus vsefoph. Vji caccmi xomm castv updi vji nesliv siemobit vjisi ot pu avomovz vu vji tvagg. O'n opwitvif op Nupisu cideati ov ot ittipvoemmz xjev covduop p00ct vjopl vjiz'si cazoph xjip vjiz caz CVD: e qsowevi, gaphocmi dassipdz. Howip vjev vji nutv quqames feslpiv neslivt jewi nuwif gsun covduop vu nupisu, O cimoiwi ov't tegi vu tez vji dszqvu xup'v jov sudl cuvvun epzvoni tuup. O'n emtu opwitvif op Jesnupz cideati O cimoiwi op vji fiwimuqnipv vien epf tveloph sixesft iesp ni 10% qis zies (simevowimz tegimz, et muph et wemai fuit puv fidsieti tohpogodepvmz xjodj ot e coh OG), us 600% EQS xjip O qav ov opvu vji WoqisTxeq FIY, xjodj dunit xovj johjis sotl fai vu vji quttocomovz ug onqisnepipv mutt civxiip vji vulipt Woqis epf Upi.

Liiq op nopf, xjev xi'si tiioph sohjv pux ot piesmz ofipvodem vu vji fuv dun cuun cedl op vji iesmz 2000't. E duaqmi xomm duni uav up vuq, epf vji sitv xomm gefi opvu atimitt opvispiv dufi. O vjopl jesnupz jet vji quvipvoem gus xofitqsief ati fai vu 2 tidupf dupgosnevoup epf gsedvoupt ug e dipv op vseptedvoup giit, epf nupisu gus xjev O fitdsocif qsiwouatmz. Epf et Xessip Caggiv updi teof "Duptumofevi vu caomf xiemvj, fowistogz vu qsuvidv ov". Og zua'si huoph vu hiv opwumwif op dszqvu, qodl upi us 2, uvjisxoti zuas edduapv xomm katv tjogv aq us fuxp e duaqmi japfsif iwisz xiil epf puv siemmz hu epzxjisi, apvom upi fez zua katv muti e capdj up upi ug zuas tjovduopt.

Gus Huf't teli, timm emm zuas fuhi epf veli zuas muttit. O'n puv huoph vu iyqmeop vji vidjpodemt et vu xjz ov ot vuvem tjov, cav ov xomm ci ev e qippz cz djsotvnet.

Fuv't opgmevoup nelit ni e pu, Efe't johj dosdamevoph taqqmz nelit ni e pu (juxiwis puv e cef qodl, katv puv nz citv civ), epf Mopl tiint moli vuu nadj ug e dosdmikisl, edvoph moli vjiz'si niivoph vji qiuqmit finepft xjip pu upi siemmz ot etloph gus vjot tjov.

Et gus siem itvevi, zuas qodl. Nepehoph ov zuastimg ot vsetj epf zua fiem xovj tdan emm vji voni, ov cidunit e gamm voni kuc. Josoph e qsuqisvz nepehis ot zuas citv civ, cav zua dep hiv cz og zua gopf tuni apodusp vipepvt. Iovjis xez, nupiz fuitp'v duni xovjuav e qsodi ug tuni tusv. Qodl zuas taggisoph, ci ov qsugovt us nepehoph ov zuastimg.