Financial Dilemma

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(04-02-2019, 01:00 PM)fredtoast Wrote: My parents worked hard and saved well but they also lived at a great time. They bought a modest home in 1960 for just a few thousand. They paid it off in 7 years, made a few improvements and sold it in 1980 for 7 times what they originally paid for it. We will never see home prices go up like they did back then.

Unless you live in Canada

lol, anyways, we have a lottery up here in Canada that is $1,000.00 per week, for life, a month, for life, etc., thus you've basically just won an even more difficult, highly focused lottery.

With $24,000.00 a year, I'd save half immediately, split amongst various savings accounts, investments and something for your daughter, take 6 of the remaining 12, put it as a mortgage principal payment (if you indeed have one, Weezy) and use the other 6 for a family vacation (a NICE one) and for various odd things around the house.

That's just me