I bought my house in 1987. The mortgage rate was 9 1/8%. I buckled down and paid every extra penny, aside from my bimonthly DCA into Janus IRA and taxable funds, into extra principle payments. I figured no way, with my stupid investing talent, could I earn a better return than 9 1/8%. Paid it off in 7.5 years. Happy day when that happened. I think I was somethng like 38 at the time.
But I did not stop plowing the extra money into savings. I think I was able to FIRE despite my lack of investment skill only by my obsessive savings rate.
But I did not stop plowing the extra money into savings. I think I was able to FIRE despite my lack of investment skill only by my obsessive savings rate.