Reply to What would you do with 500k cash gift?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't care if the whole world disagrees with me - as long as you have an adequate emergency fund and all the basics, I believe the correct answer is always pay off or pay down/recast your mortgage.  You have no idea how freeing it is to not have a mortgage.  Who cares if you end up with more money at age 65 the other way?  I get to love life now at 41.[/quote]

Totally agree. I'm 47 and my spouse is 58. He paid off our house 2 years ago. We have no other debt. I invest most of my earned income in stocks/index funds, max 401K, dividend income. I can quit my job anytime and not have to work for months before I would start drawing from savings. It is a good feeling.[/quote]

See, here’s the thing.  Some of us can pay off our mortgage tomorrow and choose not to.  That’s equally freeing.  [/quote]

This. Once you know you can, you don’t actually need to do it. We could buy our house three times over. We still have a mortgage - it’s not stressful. [/quote]

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