How to be Setup for Life ?
Hope this is the correct forum to post this question.
I'm in my early 40's and have investments in the stock market (trading account, sep ira, roth ira, etc) but I have not made much money with those accounts. The real money I have made is the equity I have in real estate, I have been lucky to buy at the right time.
What would you do in this situation. I have a house worth $800k and I owe 180k I have the $$$ to pay it off right now, I have 29 years left on a 4.875% fixed rate. I want to pay it off but others have advised me not to.
I have a rental property worth 250k that I owe 75k on at 5.375% fixed. I want ot pay it off also and be totally FREE AND CLEAR. I call that having F.U. Money. What do you think?
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