this post is so odd. Why ask anonymous strangers. talk to a financial advisor and get their take. You’ve made it this far in life so you must have some brains in there.

No, you are not doing ok. Pull at least one kid out of private school, start cutting your own hair, and earn extra $$ by ubering in the evenings.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You’re doing really well overall, but you made a pretty big mistake paying off the house. That money should have been working for you in basic S&P index funds - you should be sitting at a much higher net worth. And that money in the house is just sitting there inaccessible.

You don’t know that she accelerated her house payments. We are almost done with our 15 year mortgage without any acceleration and we are also mid 40’s. Her real mistake was 3 kids in private. All those lost investable funds!

Still a mistake - why have a 15 year mortgage in that rate environment? 30 year and invest….

We invested a ton. It’s not an either/or proposition.

Of course it is…

The conventional thing to do over the last 15 years would be to take out a 30 year fixed mortgage at a low rate and pay it off on its natural schedule. And then invest the rest in an S&P 500 index fund.

It sounds like the OP did the unconventional thing and paid it down early in a low rate environment.

In no universe is that a good decision and they got killed by making that decision. The opportunity cost was enormous.

They are still in very good financial shape regardless, but they should be in much much better shape….

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You’re doing really well overall, but you made a pretty big mistake paying off the house. That money should have been working for you in basic S&P index funds - you should be sitting at a much higher net worth. And that money in the house is just sitting there inaccessible.

You don’t know that she accelerated her house payments. We are almost done with our 15 year mortgage without any acceleration and we are also mid 40’s. Her real mistake was 3 kids in private. All those lost investable funds!

Still a mistake - why have a 15 year mortgage in that rate environment? 30 year and invest….

We invested a ton. It’s not an either/or proposition.

Anonymous wrote:

Anonymous wrote:You’re doing really well overall, but you made a pretty big mistake paying off the house. That money should have been working for you in basic S&P index funds - you should be sitting at a much higher net worth. And that money in the house is just sitting there inaccessible.

You don’t know that she accelerated her house payments. We are almost done with our 15 year mortgage without any acceleration and we are also mid 40’s. Her real mistake was 3 kids in private. All those lost investable funds!

Still a mistake - why have a 15 year mortgage in that rate environment? 30 year and invest….

Anonymous wrote:You’re doing really well overall, but you made a pretty big mistake paying off the house. That money should have been working for you in basic S&P index funds - you should be sitting at a much higher net worth. And that money in the house is just sitting there inaccessible.

You don’t know that she accelerated her house payments. We are almost done with our 15 year mortgage without any acceleration and we are also mid 40’s. Her real mistake was 3 kids in private. All those lost investable funds!

Anonymous wrote:

Anonymous wrote:Is this a joke? You make $600k a year, have a $2m paid off house, and $3m in retirement and are asking if you are dong ok?

Are you new to DCUM? They all think they are middle class making half million a year and having millions in savings.

Right? Idiots. It’s like that other poster with her “modest” $1.5m house vacationing twice a year living a “very middle class lifestyle”. I just can’t with DCUM sometimes.