I bought my last home in 2013. I could have paid cash for it, but instead, took out a mortgage and invested the rest. Today, I tell you how it's worked out. Getting Rich With A Mortgage One of the great debates in the FIRE space is whether you should pay off your mortgage. By not paying off mine, I'm in the minority: How I feel. Most would say that they like the … [Read more...] about Getting Rich With A Mortgage
I had a recent email exchange with a reader about mortgages. Thanks Khunara for inspiring today's question! I'm always yapping how I'll never, ever, ever, EVER pay off my mortgage. I even wrote about it here. I'm having second thoughts though. Here are the details of my mortgage situation: My home is worth about $400,000*. I owe about $110,000 on the loan, so I … [Read more...] about Ask the Readers: Should I pay off my Mortgage?
I'll be the first one to tell you that debt is evil and bad. It will: keep you awake at night with worry possibly hurt your credit score encourage you to call your ex-girlfriend/boyfriend after drinking one too many hit on your husband or wife when you have your back turned All of that is true, but there is one form of debt that I tolerate, mortgage debt. … [Read more...] about Hey you Mr. Debt, stop looking at my Wife’s Butt!
Hi there, Mrs. 1500 today, asking for your thoughts about paying off your mortgage early. I have seen "paying off your mortgage early" vs. "keeping it for the duration" debated numerous times. I think both sides have valid points, but now I want to see what my readers think. And now, let's go check out the answers from last week's question, What do I do about my new … [Read more...] about Ask the Readers: Should you pay off your mortgage?
Whew, life is crazy busy. Right before I left for a trip this past weekend, the plumbing system of our home backed up. I wrestled with it for 5 days and made zero progress before I had to go. Tonight, I'm back and those *&^%ing pipes are still clogged. Since the home is 50 years old, I'm having a heckuva time getting any of the clean out traps open (0/2 so far). In times … [Read more...] about Ask the Readers: To Debt or not to Debt… (or Mortgage or no Mortgage)