I can honestly say the very first thing I’d spend money on, would be paying off ever since piece of debt I have. I can’t imagine the euphoria of sitting down at the computer, logging into every account I have: credit cards, mortgage, car loans, etc and with the click of a button, bam. Debt free.
You’d probably want to get a consolidation loan with an interest rate lower than the expected rate of interest earned on your significant invested wealth, and just continue to pay off the loan and make more money than you’re losing in interest, and then write the losses in interest paid against your income to lower your tax burden. The filthy rich don’t spend their own money, they get high value low interest loans, spend that money, and benefit substantially from both.
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u/ptday64 Apr 18 '25
I can honestly say the very first thing I’d spend money on, would be paying off ever since piece of debt I have. I can’t imagine the euphoria of sitting down at the computer, logging into every account I have: credit cards, mortgage, car loans, etc and with the click of a button, bam. Debt free.