So, a very good friend of mine is coming into a 7 figure inheritance. He has never had money in his life. Everything he has, was bought by dad or from his dad's pension after he passed.
We've had alot of convos about what he is going to do with the money, ill keep my thoughts to myself on what I think.
But, he is thinking he will pay off his house. Now he just refinanced for another 5 years just a couple of months ago. For you guys that seem to be good with their money, just wondering if this is something you would do in this situation and, if so/not, why?