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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 grew up without a lot of money. Making rent was a constant challenge for my parents. I have a lot of money now, and one of the things I have bought for myself is the financial security of having a fully paid for house. I understand leverage and have investment properties leveraged with mortgages. And I understand that I could pay off my mortgage several times over with investments. But there is just something freeing about knowing you own the roof over your family’s head. [/quote] Same, I love having no mortgage on anything. If something happened to my DH, who makes more than I do, we could easily stay in place on my salary.[/quote]
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