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Reply to "Should I pay off the house under these circumstances?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You should pay off all of your debts and enjoy a debt free life. [/quote] Maybe you're being facetious, but for me, that's not bad advice.[/quote] It's not bad advice for most people. Yes you can "make more investing" but as the last 3 months have demonstrated, you can also loose a lot. And most Americans simply do not have self control to not spend spend spend. So having no debt is freeing and allows you to enjoy life more. However, I wouldn't pay off a mortgage until I had a 6-9 month emergency fund in cash/cash equivalents and I would continue funneling at least 75% of my old mortgage payments into savings each month. [/quote]
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