Reply to Spouse Insistent on Paying Mortgage Off Early

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[quote=Anonymous]I bought my first home in March 2000 and we put extra towards mortgage each month and mortgage was done by 2010.

Starting 2011 I put the "mortgage payment" amount in the Fidelity Account each month.

I had to relocate for work in 2019 and had to buy another house in another state and carried two houses for 18 months which was easy as first home had no mortgage.

There is not a right answer. I most likely would have done better not paying off mortgage earlier and did all stocks. However, my wife only felt comfortable doing more stocks when there was no mortgage. If I got laid off at same time stocks are crashing less of a issue.

I am doing same now. Took out a 30 year mortgage at 55 when relocated. Paying enough extra each month so done at 70 instead of 85.

BTW buying stocks from 2008 to 2023 was a no brainer.  But right now in 2025 they are pretty prices and although of course they will go up long term a 10-15 percent sell off would not be suprising.     [/quote]

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