Does the first guy really need to keep $50k in cash? Unless he thinks he's about to lose his job, he should set 3-6 months worth of expenses aside for an emergency fund, and use the rest to pay off, or extremely pay down, that mortgage. He can sit comfortably and pay off a bunch of debt.
Does the first guy really need to keep $50k in cash? Unless he thinks he's about to lose his job, he should set 3-6 months worth of expenses aside for an emergency fund, and use the rest to pay off, or extremely pay down, that mortgage. He can sit comfortably and pay off a bunch of debt.
altairPDX 2 years ago