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Old 06-22-2016, 10:52 PM   #77 (permalink)
BrianMSmith
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Good credit, you can get mortgages and auto loans for 3% interest, which is like free money because inflation is at least 3%. On a mortgage, your effective payment goes down by the inflation rate - assuming your income at least keeps up with inflation - over 10 years your effective payment is much lower than it started at. Keep your cash invested in equities instead of paying cash for a car or a mortgage - house prices typically grow at about the inflation rate, stocks do better.
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