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Reply to "What to do after house is paid off"
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[quote=Anonymous][quote=Anonymous]1 million stuck in a house not working for us makes me worried. [quote=Anonymous]Don't take out a loan, but do invest the house payment going forward. For kicks, calculate how much you would have if you had taken out 30 year loan and invested the extra money instead. [/quote][/quote] This is an unusual take. You should already have money in the market working for you, and your house should be your sanctuary. That it's paid off gives you peace of mind. But, since this is your concern, once it's paid off, redirect the money you've been paying toward your mortgage into a broad market index fund like VTI. Problem solved, and contracts on almost owning your home![/quote]
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