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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]I retired more than a decade earlier than the average American in my early 50s and haven’t done a lick of work since. The ONLY reason I was able to pull this off financially is by not paying off my low interest mortgages prematurely and investing in the market. Nothing crazy - just index funds. I would have been so much worse off had I taken the opposite approach. It is such an unsophisticated financial move to pay a mortgage off early. [/quote]
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