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Reply to "150k/yr is bad now"
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[quote=Anonymous][quote=Anonymous]The smart financial move right now is to just keep paying down your sub-3% fixed rate mortgage with dollars that are increasingly devalued. Do not sell that damn house - that crazy low mortgage rate is your hedge against inflation. Even if you move, you keep that house and rent it out. I can't really stress this enough. [/quote] Yep. We will never have a mortgage again. We are paying 2.25% and will be done in 7 years. If we move after that we will pay cash. We are hoping to have $5M in retirement which should give us $150k of income, and we won't have a mortgage, college expenses or retirement savings coming out of that. [/quote]
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