Paying off the morgatge, good or bad idea?

[Anonymous]

Anonymous wrote:We have same dilemma except our mortgage is almost $2m. We would save 9k in interest per month.

Just reading that sentence sent shivers down my spine. SO glad we have no mortgage -- no debt of any kind. And we never will again, knock wood.

Mid-50s and banking $9K a month in rental income on the two homes we own free and clear.

[Anonymous]

Anonymous wrote:

Anonymous wrote:the stupidity on DCUM never ceases to amaze me

stock market returns on average 7% a year

yall are really really really really dumb

Can't you buy more of that if you don't have a mortgage?

time value of money. For every dollar that you invest in sinking into a mortgage that money can grow. I would pay the absolute minimum on a mortgage same with student loans and any other debt less than 7%

[Anonymous]

Anonymous wrote:

Anonymous wrote:the stupidity on DCUM never ceases to amaze me

stock market returns on average 7% a year

yall are really really really really dumb

Can you guarantee 7% return?

No past returns are not indicative of future performance

At the same time for any time horizon over 5 years 90% confidence as long as you dollar cost average and rebalance.

I wouldn't suggest investing a ton of money now but putting in 1 or 2k a month instead of paying down a mortgage or student loans would 100% recommend doing that

https://www.bogleheads.org/wiki/Three-fund_portfolio

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:the stupidity on DCUM never ceases to amaze me

stock market returns on average 7% a year

yall are really really really really dumb

Can't you buy more of that if you don't have a mortgage?

time value of money. For every dollar that you invest in sinking into a mortgage that money can grow. I would pay the absolute minimum on a mortgage same with student loans and any other debt less than 7%

Another one with a mortgage and student loans calling those with neither "dumb".

[Anonymous]

There’s more of an incentive now that I claim the standard deduction. However, my household should qualify for decent financial aid. If I were to focus on eliminating my mortgage, I think I’d just penalize us on aid at this point with a paid off mortgage.