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My CPA uncle said im a dumbass to pay off my mortgage at 31 years old. Was he right or was I wrong?
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Hear me out here, paying off debt feels great and to own an asset like a house outright is a great feeling. Did I waste too much money paying my house off so early, and should have put it into something like Voo? Or am I am a better position where I can now throw down more money into my retirement and brokerage account to invest now more than ever? Who was right? My interest on house was 3.375% for 30 years. Pad that sucker off in 6 years

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Do HELOC loans ever come under 4%?

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Unmanageable debt is stressful. A mortgage shouldn’t be unmanageable unless you bought too much house.

To the people saying a paid off house is good if you lose your job…if you had invested the same amount of money you put into paying your house off, you’d have more than enough to cover the mortgage between jobs. I will always take liquidity over having no debt.

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4 months ago