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Reply to "If you make 500-600k range and are married with kids"
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[quote=Anonymous]It all depends on how old you are and how long you've been earning that kind of money. At 35-40, we put a big priority on not spending all our free time doing chores and making sure we had really good child care. At 50, the kid is off to college and we have a lot more time. More importantly, after a decade of savings, the investment account is pretty big and has soared since the 2008 crash so investment income now generates big returns. On the mortgage question, we think of it as leverage for an appreciating asset. We could pay it off today, but it would mean that we had a much larger share of our money invested in illiquid real estate rather than a diversified liquid portfolio.[/quote]
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