10-18-2013, 05:25 PM
Thanks for the great post. I'm 32, so I try to pick the brain of every successful retired person I can, to see what factors helped them get to where they are.
What's your take on paying down your home mortgage early vs investing? Currently I have a lot of money sitting in cash and was considering paying down mine some. However, it's only a 3% interest rate but I'm only getting half a percent with it sitting in cash. I realize statistically speaking I should be able to get a better return in the market, I just can't find any great value(IMO) out there to buy right now. The emotional side of the equation comes into factor too, less stress owning my house debt free.
What's your take on paying down your home mortgage early vs investing? Currently I have a lot of money sitting in cash and was considering paying down mine some. However, it's only a 3% interest rate but I'm only getting half a percent with it sitting in cash. I realize statistically speaking I should be able to get a better return in the market, I just can't find any great value(IMO) out there to buy right now. The emotional side of the equation comes into factor too, less stress owning my house debt free.