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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 own a 4M+ home with 2.1% interest on a 2M loan but I also have 15M in investments. I can pay off the 2M loan anytime but it is wise for me to use that 2M to invest for a much better return. I've been lucky because I turned that 2M into 6M from investing during Covid pandemic. There is no reason for me to pay off the 2M loan on the mortgage when interest is 2.1%. It is almost like "free money". YMMV.[/quote]
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