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birb_cromble  3d ago (text post)   506 thread views

Weekly Finance Thread - 2027-07-04

A weekly thread to discuss financial matters - from personal all the way up to global.

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  • Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
  • Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
  • Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
  • Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
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I also did the 30-year + aggressive payoff schedule (trending to 15 years and maybe less if family members die and I receive expected inheritance).

Keep in mind you do get to deduct mortgage interest paid, so if you are able to itemize deductions (should be more likely with SALT cap increasing to 40k) it works out to something more like 3-4% effective interest paid. Not bad if you want the flexibility and lower mandatory payments.

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