Originally Posted by Rdline1
not necessarily. obviously real estate is going to improve, but $80k wont buy you shit for a house these days. A 9.2% average interest rate is realistically possible with a decent fund, and no matter how you look at it, $500k will STILL be a lot of money in 20 years. it might not buy you a place on the beach outright, but it'll be enough to pay bills etc. if the rest is left in the fund to continue compounding during retirement. spending $80k all at once is most definetly a big mistake.
$80k is enough to put 20% down on $400k worth of real estate for renting out. $400k worth of real estate secured today, paid off by renters, is going to be worth a hell of a lot more than your 9.2% scenario in 20 years
