RetirementColdHardTruth
Recycles dryer sheets
I would like to thank everyone for the massive discussions on paying off the mortgage. After much thought I cut a check for the remaining 174k and change this morning.
There were many points but the one that swayed me the most was sitting on that extra stash was skewing my ER numbers both in cash flow and in felling richer than I really was. Not to mention this full amount was in stocks and had a great run over the last few months. I couldn't see the point in keeping taking the market risk.
Math aside, now my expenditures are down I am sure I will build it back up in no time.
Me I am 38 now fully debt free. Emergency fund still stands at 12 months last months expenses. Good job, great income, and a feeling that things are solidly on track for very early retirement.
Thank you all for the positive and negatives to the mortgage question. I took them all very seriously in my decision. As you have thrashed the subject out so well it was a difficult decision to come too. For me I Believe I made the best risk vs reward for my situation.
There were many points but the one that swayed me the most was sitting on that extra stash was skewing my ER numbers both in cash flow and in felling richer than I really was. Not to mention this full amount was in stocks and had a great run over the last few months. I couldn't see the point in keeping taking the market risk.
Math aside, now my expenditures are down I am sure I will build it back up in no time.
Me I am 38 now fully debt free. Emergency fund still stands at 12 months last months expenses. Good job, great income, and a feeling that things are solidly on track for very early retirement.
Thank you all for the positive and negatives to the mortgage question. I took them all very seriously in my decision. As you have thrashed the subject out so well it was a difficult decision to come too. For me I Believe I made the best risk vs reward for my situation.
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