Come April 15th when I will have approx $13,500 in free cash come into me, now my question is what do I do with this money? I already have my reserve fund setup, and my stock market account setup.
Currently i'm 22 yrs old and in a successful career with what I feel is solid job security.
Now my question is I currently have a motorcycle loan at 4% paying approx $390 a month in payments on that.
I also have a stock market account which is growing quite well valued at approx $6,000 now (just starting my retirement savings)
Do I take the cash and pay off my Harley loan with a little bit left over
Or do I take the cash and invest it into the market?
If I pay off my Harley it's mine free and clear and it also gives me $400 extra a month in cash flow.
I'm leaning heavily towards paying off the Harley because it's just a fun toy and if I ever get into the situation where I need to sell it I want it to be mine free and clear.
What would you guys do?
O and selling the Harley is not an option, a man has to enjoy the fruits of his labor!