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Re: Paying off the mortgage because debt free feels good

Posted: Fri Mar 03, 2017 11:46 am
by Papers of Indenture
I'm planning on doing the same.

Re: Paying off the mortgage because debt free feels good

Posted: Fri Mar 03, 2017 4:31 pm
by Dragline
It certainly would be a good diversification move at this stage if you had been riding the bull market but are worried about getting bucked off.

Re: Paying off the mortgage because debt free feels good

Posted: Fri Mar 03, 2017 4:46 pm
by ThisDinosaur
I do both. Half my savings goes to stocks and the other half to mortgage and student loans. It doesn't make sense to buy bonds with a lower interest rate than my debt, but I'd also hate to miss out on any irrational exuberance.

Re: Paying off the mortgage because debt free feels good

Posted: Fri Mar 03, 2017 4:49 pm
by thrifty++
In a sense though having zero debt might give you the freedom to take higher risk actions which have a higher potential reward. Eg high risk stocks, starting higher risk business strategies, taking up new career options which you would have otherwise not have undertaken etc.

Re: Paying off the mortgage because debt free feels good

Posted: Sat Mar 04, 2017 1:32 pm
by Jason
For someone my age, my net worth is weighted towards securities as opposed to house, so I've been very aggressive recently.

I understand rationally the rent vs. buy vs. payoff enchilada, but I want to be done with it.