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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]Sometimes you just have "enough" in your investment/savings accounts, so why not get rid of that bill? My paid-off house is 12% of my net worth, so I don't worry about giving up potential returns or interest. The majority of my money is working for me in the market, and it's easier (for me) to ignore the inevitable ups and downs when I own my home free and clear.[/quote] This. We do have enough and need to diversify, that plus the peace of mind of not having a mortgage payment, regardless of what the stock market is doing, is worth it to us. We are also at an age where we don't want to "gamble" with too much of our finances. [/quote]
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