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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 think the advice is aimed at people who are throwing every extra dollar at their mortgage and are NOT investing in the market much at all. It took some shifting mentally for me to do this, because I hate debt. But you can’t argue with market returns. And our mortgage is 2.45%. So, in our case it’s clear we should invest instead of pinching to pay off our mortgage. We still throw a little extra at the payment here and there, but mainly throw chunks into investments instead. [/quote]
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