WSOP Windfall... What is a boy to do?!?!

[Kneel B4 Zod]

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Jurollo, I couldn't quite tell what your plan was, but paying down most of your house now sounds like a pretty terrible plan IMO. You want some liquidity to your cash and real estate is like a black hole to the accessibility of your cash.

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Good advice generally, but Jurollo rents and is still up in the air about housing after Sept 1.

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this, but liquidity is only 1 issue. you need to consider what you could do with your money (say $100k) instead of paying down a mortgage. the historical appreciation of equities, and even bonds, is much higher than real estate.

I have a friend who made a few million at a young age, and bought his house in cash b/c he didn't want to be "in debt". he's a smart guy, but despite how great using 'other people's money' can be, the word "debt" scares a lot of people.