I wanted to start a topic to discuss leveraging tactics. I'm seeking out ways to best leverage money earned. Obviously a poor tactic would be to take a chunk of money and pay down a mortgage. How can $25K or $30K be best used other than tossing into a savings account or paying down a mortgage?
I know this is talked about a lot sporadically but I wanted to see if we could really hone in on some opportunities and what you guys personally feel are some great tactics.
Some will say to take it and put a down payment on another piece of real estate. Others may say invest it in the stock market. I would like to come up with as many options as possible. I will update the list on this original post below as we all add to this. Everyone's situation will be different so this post isn't to determine what is best for me or for anyone in particular. It is designed to list out all the options out there, and it is up to the person reading this to determine what is best for them. With that said, let's list some tactics that are commonly used.
:coffee:
I know this is talked about a lot sporadically but I wanted to see if we could really hone in on some opportunities and what you guys personally feel are some great tactics.
Some will say to take it and put a down payment on another piece of real estate. Others may say invest it in the stock market. I would like to come up with as many options as possible. I will update the list on this original post below as we all add to this. Everyone's situation will be different so this post isn't to determine what is best for me or for anyone in particular. It is designed to list out all the options out there, and it is up to the person reading this to determine what is best for them. With that said, let's list some tactics that are commonly used.
:coffee:
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