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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]We are “rich” I guess? We paid off a low interest rate mortgage at 3%. We actually cashed in some Stock to do so when the market was at peak. In hindsight I’m glad we did so since our portfolio has taken a nose dive. We have one kid at NYU and are cash pay for that. He is pre med and we are using his 529 to help pay for medical school. [/quote]
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