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Reply to "If paying off your mortgage is dumb, why do so many rich people do it?"
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[quote=Anonymous][quote=Anonymous]I'm paying off my mortgage extremely quickly. It makes absolutely no sense to do. The interest rate is 2.5% and even my savings account earns 3.3%. I have a phd in finance. But it just doesn't matter me - I want that mortgage gone. It's like asking why do I spot clean 20 areas of my house every single day when I know the maid will clean it - clearly a waste of time and effort from a rational perspective. Don't care. Need to make sure it is clean constantly[/quote] You describe paying off your mortgage like it is a mental illness![/quote]
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