# A lil' bragging

**URL:** <https://forums.speedlife.net/t/a-lil-bragging/254148>\
**Category:** Shift518 Off Topic\
**Created:** [August 24, 2010, 10:32pm UTC](https://forums.speedlife.net/t/a-lil-bragging/254148 "2010-08-24T22:32:07Z")\
**Posts on this page:** 1\
**Showing post:** 18

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**Author:** ![99FRC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/99frc/32/6335_2.png) [@99FRC](https://forums.speedlife.net/u/99FRC)\
**Post date:** [August 25, 2010, 8:40am UTC](https://forums.speedlife.net/t/a-lil-bragging/254148/18 "2010-08-25T08:40:34Z")

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> [@Cot damn it. How to fix scratch?](https://forums.speedlife.net/t/cot-damn-it-how-to-fix-scratch/34589/2):
>
> Nice work. CC debt is the worst. Definitely look into homes now if you can, the rates are pure insanity.
> 
> As of this year, I’ve payed off my credit cards, payed off both cars, finished my student loan payments and managed to save a bit of money. Now have around $30-$40K equity in my house as well.
> 
> I should just do what that guy did, sell my house, cars, and buy a Lambo and just drive… Hmmm:ponder I may just buy a couple two families I’ve been looking at.
> 
> Regardless, congrats.

Multi-families are the way to go IMO. It is one of the safest investments you can make and one of the rare cases you can make your money work for you, instead of the other way around, all the while building equity and eventually making a profit. I know a lot of people who have done this and it turned out really well for them by the time they were ready to retire. Houses were paid off and all the rent was extra income every month.

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