Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "All you rich folks - looks like I'm (almost) one of you. What should we do?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm going to go against the grain and say go ahead and pay off your mortgage. Not having a mortgage is a delightful feeling. If the stock market crashes, you still have your home, if you lose your job, you still have your home. It's not the "clever" financial decision, but t[b]he piece of mind it brings has some value[/b].[/quote] No, not really. That's just about the dumbest advice anyone can give you, OP. Real estate is a leveraged investment for a reason. Don't tie up this cash in an illiquid investment like your house. Stupid. Jesus, people are so stupid when it comes to money.[/quote] This is the kind of genius that brought on the foreclosure crisis. Your house is not just an investment, it's where you live. If you can't pay into your 401k, you can't retire as early, if you can't pay your mortgage, you're homeless. That's a big difference. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
