AltaRed
Full time employment: Posting here.
grumpy said:We downsized after we retired and paid cash for the new house. We had already paid off the mortgage on the old house (we had refi-ed with a 10 yr. fixed rate) several years before retirement and did not want a mortgage on the new house. That mortgage was the ONLY debt we EVER had. I always paid cash for cars and when I could pay cash for a house I did. Always slept well at night.
Grumpy
Likewise. And all that cash that wasn't being spent on interest was invested. It worked magic for DW and I with a portfolio that started in 1990 after mortgage payout and that could now spin off almost twice as much income as my upcoming DB pension simply sitting 100% in CDs. I wouldn't be convinced any other way.