What would you do with 80k cash flow over 2 years?
Pay down/off student loan?
Buy your first home?
Buy a second home?
Pay off credit cards?
Max out ROTH space?
Max out pre-tax retirement savings?
Buy term life insurance?
Buy disability insurance?
Pay off car loans?
We are deciding whether to buy a home for my parents (in addition to our current home) or save for retirement/kid’s college.
Please share if you have great ideas on how to make the most with this cash flow.
We want to know what we are missing (ie. the opportunity costs) for purchasing a 2nd home.