ministeroftruth13
New member
@notb Sorry about losing your family member
You can seriously reduce your outgoings long term with the inheritance.
Paying down your morgage
Personally the student loan is 0% so i would not pay that off over a morgage as that's a net loss.
I think you should be thinking about your long term plan with the balance of your home. If you where going to uitlise your equity to purchase a second home you can fast track that now.
Same I'd you where going to invest that money in investment funds / stocks / crypto , then you can fast track that process.
$250k is enough money that depending on your carer and experience you could look at purchasing a business.
Final thoughts from me , you could spend all 250k on BTC and there is a 50% chance that it goes up 10x over the next 5 years.
You can seriously reduce your outgoings long term with the inheritance.
Paying down your morgage
Personally the student loan is 0% so i would not pay that off over a morgage as that's a net loss.
I think you should be thinking about your long term plan with the balance of your home. If you where going to uitlise your equity to purchase a second home you can fast track that now.
Same I'd you where going to invest that money in investment funds / stocks / crypto , then you can fast track that process.
$250k is enough money that depending on your carer and experience you could look at purchasing a business.
Final thoughts from me , you could spend all 250k on BTC and there is a 50% chance that it goes up 10x over the next 5 years.