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Updated over 4 years ago on . Most recent reply

User Stats

24
Posts
9
Votes
Stacy Morris
  • Real Estate Agent
  • Atlanta, GA
9
Votes |
24
Posts

To purchase or to save, that is the question

Stacy Morris
  • Real Estate Agent
  • Atlanta, GA
Posted

Ok BP Land...I need advice...I have come into a small amount of money. It can go one of 2 ways & I would love your input. 

Option A: Pay off all of my consumer debt with the exception of my home & 1 vehicle. Which would not leave me with any money to invest. However, within 6-8 months I would have the reserves necessary to begin investing with my income from my W2 job. 

or

Option B: Pay off a little bit of debt. Take some of the funds & find something I could invest in. 

Keep in mind I love my W2 job. It's a great place to work & one day I even hope to help my boss find investment property. She's even open to helping me finance something in the future. But I want to have all my ducks in a row. Thanks for any help you could give a girl. 

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