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Reply to "If paying off your mortgage is dumb, why do so many rich people do it?"
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[quote=Anonymous]For us, paying off our house was freeing. We still saved for college and retirement but we had a lower-cost house. I don't see why you wouldn't pay it off. Now, if something happens we know we will be ok in terms of housing and can live on far less if we need to. Now instead of the mortgage, we can invest the money we would have spent on the mortgage or do things we might not have done otherwise.[/quote]
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