Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,383
It is always a wise decision to pay off your mortgage. There are a lot of ways you can do this but after you pay off your mortgage YOUR INCOME is YOURS. Then you can invest for 401k/IRA/small party to celebrate paying off your mortgage.
Make sure to have enough money leftover so you are not pushing yourself too tight. It might turn out to pay off more than half and have safety money. Paying off your mortgage is always great! You know your account better.
Dave Ramsey will tell you to pay off your mortgage. This is not to start a conversation about him but he has a plan that has proven to work.
Grant Cardone talks about ways to get you to 10x ($10,000,000). He believes real estate is one of the best ways. Paying off your mortgage sounds great. I will type it one more time because it feels good typing it. Paying off your mortgage feels great!
Take what works for your. Leave what doesn't. You will make the right choice for yourself.
I am glad (I guess) that you have taken Dave Ramsey to heart....
But, I guess you did not even read the replies to the thread... it is NOT ALWAYS a wise decision to pay off the mortgage and anybody who says it (including you) is just wrong...
Say you got a sweetheart deal of ZERO interest... would you pay it off? I do not think so... so we know it is not always...
If you have low interest then financially it does not make sense... there are other non-monetary reasons to do so which is why the argument rages on....
But ALWAYS
(just a little more than RunningBum)