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Should You Pay Off Your Mortgage Early – J.D. Roth

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My friend Amy recently wrote with an interesting dilemma. “Should I pay off my mortgage early?” she wonders. Amy has a high-paying job and has managed to save enough that she could be completely debt-free if she wanted to. And she kind of wants to! But is this the best choice? She’s aware that this is a nice problem to have — but it’s still a bit of a muddle. She’d like some guidance. Just so everyone is on the same page, here’s a quick look at the pros and cons to paying off your mortgage. There are advantages and disadvantages to both choices. Are certain advantages more important than others? You make the call……….

Read more: https://www.getrichslowly.org/pay-off-mortgage/

 

 

 

 

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Debt Is Wonderful—Until It’s Crushing — TIME

Debt is one of our most powerful human tools, right up there with fire. After all, credit is simply a process in which those who have excess capital “rent” it to those who can make productive use of someone else’s money. Milton Friedman liked to call the interest rate the “price of credit.” To appreciate…

via Debt Is Wonderful—Until It’s Crushing — TIME

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