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Reply to "Is it completely stupid to pay off our mortgage?"
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[quote=Anonymous]You can earn more than a 3% return by investing but if you're highly risk adverse or just trying to prepare for other big upcoming costs in life (like a fancy private school or one of you staying home full time), getting the mortgage off your books may make sense for your family because it really frees up your liquidity. It's not a stupid move, IMO. It's just not the highest yielding one. You'll quickly accumulate another pile of cash you can invest with when you feel more comfortable doing so. Maybe sign up for a financial basics class. [/quote]
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