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An even better question is why did he pay off the debt. With the status of inflation and rates at present, it's infinitely smarter to keep the debt and reinvest
by clove 5y ago
An even better question is why did he pay off the debt. With the status of inflation and rates at present, it's infinitely smarter to keep the debt and reinvest the profits from the GME trade. He's clearly talking about something like 20%+ interest payments on credit cards but mortgage rates that can be outpaced by bond investments.
All around, he doesn't seem like he knows how to manage his money.
- FuriouslyAdrift 5y agoI only draw 65k per year salary but made an extra 80k in investing last year. I usually average draw about 30k let year from 1 year and a day stake. I can do that year after year. I work when I want and am beholden to no one.