• 3 Posts
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Joined 1 year ago
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Cake day: July 9th, 2023

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  • Congrats! Some unsolicited money advice I wish I had known earlier in my career:

    If you have a mortgage and the interest rate is less than 7ish percent and you’re wanting to pay it early, something to consider:

    You might put whatever extra you were planning into a Roth IRA until it’s maxed and also max out your 401k if your employment has that. Historical yield is 7ish% and compound interest will help you immensely 20-30 years down the line.

    Paying off the house early is nice feeling but you can possibly refinance for lower rates later if it’s currently similar to or higher than historical investment yields. You could also do a little bit of both but prioritizing retirement accounts is the smarter move imo. So if your mortgage rate is 5% and you want to pay that down, you’re leaving 2% on the table by not putting it into either an IRA or an index fund instead.

    This is assuming you’re not carrying other debts at higher rates like credit cards, those should be your priority. Next would be 3 months of all bills saved up, you can find some decent interest rates on savings accounts. I have Acorns and it’s at 5% so the 3 months reserves will stack interest for you too.


  • My friend’s brother just died of heroin overdose a few weeks ago and I just couldn’t help but feel for him. How many dark alleys did he have to go to to get his high? How many sketchy people were involved? Did he have access to clean needles? He overdosed alone, and likely felt subhuman due to being relegated to the fringes of society just to get his high.

    Legalization would not have kept him from getting high, but it certainly would have enabled him access to clean drugs from a safe place, clean needles, and possibly made him viewed as someone who enjoyed getting high and not a piece of shit addict. He had a problem and it being illegal only made it worse for him.

    Legalize it all. He was an adult, it’s his body. He can do what he wants with it, it’s nobody’s place to tell anyone what you can or cannot consume. He loved getting high on heroin and I don’t see a problem with that.