Reply to What to do with an extra $750K?

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[quote=Anonymous][quote=Anonymous]"This is the the worst advice ever. The OP is coming into a windfall, and you guys are giving her advice that keeps her in debt or worse, puts her in MORE debt"

I'm the pp who wrote this and would like to add - instead of these options, 
1) pay off your student loans, all of them
2) pay off your mortgage

You are now debt free in DC with a comfortable HH income.  Congratulations!  Now, take the money you were putting towards your student loans and mortgage and start aggressively saving for your addition, your new car, and your children's tuition.  [/quote]

I would agree with this.  No better feeling that being debt free and controlling your own destiny.

Worst case, your kids borrow some money for their education, but take some of the stress out of your life and free up some cash flow.  The only exception to this, I think is the house.  Get the house the way that you want it with the addition.  At current rates, if you plan to stay there for the long term - get things the way you want them and if you have to borrow a bit to do this, fine, rates are in the dirt.

We have gotten to the point in our lives where we have very little debt, just a very manageable mortgage number and speaking as somebody who used to have a ton of debt, of all different kinds - school loans, CC bills, car loans, consumer credit - it feels GREAT to now owe anybody

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