Cash Flow Usage...

[Bryan P.]

This is kind of off-topic but relevant to real life.

I have about 15,000 in the market. I certainly don't trust the market, I might add, so there's part of my philosophy on it.

I need a new (used) car as mine is about dead. I'm thinking that if I dump 10,000 into a car the 10,000 investment will depreciate. I was considering taking the 15,000 (from the market) and paying off a rental property mortgage, increasing my cash flow by 300 per month. That 300 could pay the car payment plus insurance. The 15,000, within the property equity, can also be borrowed against to buy another property if I wanted. i would not be able to borrow against the money if it stayed in the market and obviously I cannot borrow against a car if I dump the money into it. I think this makes sense.

Is this logical thinking?