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Poll: Should Engineer pay off his house with savings...

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Originally posted by: jjsole
Paying off a mortgage is a good thing. Even if it makes you sweat a little...that increases motivation to work extra hard and refill the savings again. 🙂

I don't have a mortgage but have some debt, and even tho I can pay it off easily (and am paying off slowly), I have a very insecure job and need to have cash available, just in case.
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no it's not.

cost you tons of money to p@y off e@rly.
 
Originally posted by: spidey07
Originally posted by: jjsole
Paying off a mortgage is a good thing. Even if it makes you sweat a little...that increases motivation to work extra hard and refill the savings again. 🙂

I don't have a mortgage but have some debt, and even tho I can pay it off easily (and am paying off slowly), I have a very insecure job and need to have cash available, just in case.
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no it's not.

cost you tons of money to p@y off e@rly.
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Costs you more money to keep it.
 
Originally posted by: spidey07
Originally posted by: Engineer
Place GOP in office and buy energy stocks! 😛

(just kidding)

I don't think Spidey is jealous at all. Some people prefer investing and keeping the debt. I chose to rid myself of debt early and invest just a tad later. Like I said, I've invested nearly 20k per year (401k, Roth) along with house so I'm still OK! 😉
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heh, not je@lous.

Just prefer to m@n@n@ge debt @nd be@t the r@te.

free money.

plus th@t whole compounding thing. just differernt directions. I look 10-15 ye@rs down the ro@d.
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Yeah, and Engineer looks 30 years down the road.
 
Originally posted by: spidey07
Originally posted by: Excelsior
Yeah, and Engineer looks 30 years down the road.
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Engineer would be W@Y up if he h@d not p@id down his home.

ple@se re@d some @nd do the m@th.
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Spidey, you have yet to show me that I would have gained more than 7% per year during the last 5 years of the market?
 
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