Re: How to be Setup for Life ?
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I think your points are valid, and it comes down to an individual's goals and proclivities.
FWIW, I also choose to pay down my mortgage at the fastest pace I can, rather than try to invest that money elsewhere, and pretty much for the same reasons you mentioned.
eastbay
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Agreed. I'm a big proponent of paying the mortgage off. I always look at it like this...if you had a house paid for free and clear, would you borrow against it at 5% to invest in the stock market? I wouldn't, and I doubt most people would. But that's in effect what you're doing if you keep a mortgage.
And Tax break, Shmax break. Why do I want to pay 10K in interest to save 3K in taxes? I'll let Uncle Same have his 3K and I'll pocket the other 7K. Thanks.
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