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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My physical and mental health improved when my debt was eliminated. Some people--like me--are physically and emotionally burdened by debt and the worry that comes along with in ways you cannot imagine. Paying off my debt as a top priority was the right path for me.[/quote]

These are emotional decisions, not financial decisions.  If it makes you feel better, go for it, but don't pretend that you are following an effective strategy for maximizing wealth.[/quote]

As an economist myself, behavioral economis is a real thing and drives a lot of financial decisions within the economy and world of business and finance.[/quote]

I’m sure that’s right, but I’m not so sure recognizing that fact necessarily points to a Dave Ramsey-style solution. I could easily imagine lots of people, upon paying off their mortgages, turn around and start spending (e.g., move from their paid-off okay house to a new, lightly-mortgaged but awesome house) without investing aggressively enough to really catch up.

Put differently, I bet it’s hard to feel behind on investing when you’ve spent the past 24 months telling yourself being debt free is everything[/quote]

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