Quote:
Originally Posted by Ken Robb
I read that they took the money that were no longer going to pay a mortgage and invested it in the market not that they hid it in the walls?
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If you're paying off your home, you're shoving money into the walls that you could be using to build a nest egg that will allow you to pay off the house whenever you want. ...which is more important these days than it was in your parent's time. Your parents were the last to have a pension. (aka annuity!)
You and I are in different circumstances. There's no lifetime of income coming automatically every month. ...but yet... Last generation's thinking is still being preached as gospel.
Shoving $ into something that you can't get it out of in need: your home means you're not investing into something that's earning you interest. It takes less $ to invest over a long period of time to get to the same point as paying off the house then investing. ...or... you can invest slightly more and really come out ahead
M