Hello biz. I am now in my 8th month of working at this office job. They match 401k up to 5% I think. Thing is, I only take home 300 dollars a month after all my bills. Should I invest now or wait until I pay off my car? I have 25 payments left with 0% interest 330 a month so 8k~
if its 0% interest why are you in a rush to pay it off unless you think you're going to lose your job
>>58424568I just want to pay it off so I can get approved for a home loan, and I want to pocket more money a month. Right now I have 300 left over minimum, I could get 600~ once I pay off my car. Does that make sense or is that dumb?
>>58424577do the 401k,housing market is going to hit the shitter.unless hyper inflation and in this case the stock market or whatever you put your 401k into will likely outpreform the housing mearket anyways
>>58424561you should try and hit your 401k match at the least. Money left on a table if you aren't. You'll probably bring in a raise on your 12th month
if you dont contribute the min to hit the max match your'e dumb as fuck
>>58424561i just emptied my 401k to buy btc
>>58424561>>58424561 Others have said it, obvious choice is the match. If you think about inflation being 6% each year over the next 2 years (likely more in reality even if the CPI data would suggest less), you'll be repaying the loan with dollars worth marginally LESS than now with each successive payment. Use inflation to your advantage. If you have a 0% interest rate, get the free money from your company.Also: don't worry about securing a home loan until you have plenty saved up for a down payment, your emergency fund intact, and (hopefully) until interest rates are cut OR home prices fall.
>>58426218>>58425723>>58425695>>58425667Ok I will match the 401k minimum atleast for my 401k. I will keep renting until market is better or I get paid more.
>you can only withdraw once you're 59Are you gonna live to 59? With health? Don't be a retard
>>58426422Ok, I will live to 59 and not be retarded.
>>58424561Now you listen to me, Zoomie faggot.5% match is 5% FREE FUCKING MONEY.Do we ignore free fucking money?No, shit for brains. You take it.
>>58426479The problem is that it'll starve his cash flow.This is just another episode of "it's expensive to be poor."
>>58427864I ran some numbers I will do the 5% match, it will take 150 total monthly and match it at 3% and 50% of the next 2% of compensation deferred. I will just have to buy less groceries.
>>58424561seeing how everyone else has money makes me realize that I'm a bit envious, I did something good like creating my coin on pinksale, and yet I keep comparing myself to strangersI think I actually need meds
