In my last article, I ended by saying that I don’t believe in paying your house off early. Today I will explain why I think what I think. Yes, we all know debt is a terrible thing! So shouldn’t it make sense that we should want to pay our houses off?
I urge you to consider this material. Things are not always what they seem.
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Does the rising prices on Gas, Groceries and everything else have you worried that you won’t be able to meet your financial obligations? Worry No More!
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Category: Debt, Home Issues, Investing, Propaganda, Retirement
2 Comments
13:08, 01.12.2009
You apparently do not know a thing about investing, the typical investment of 12%, did you pull that out of your a** of what. Good luck on finding such an investment. I would suggest paying off your mortgage. Most mortgages are front heavy and are all interest. Not impressed!
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Free Your Mind Reply:
December 1st, 2009 at 9:38 pm
Well Scott,
I guess it’s a good thing that I didn’t write this post to impress you or I would be completely out of luck.
As far as getting 12% on an investment… only a person who doesn’t know any better would have to be “lucky” to find an investment that is over 12%. Especially when this type of information is publicly available.
http://biz.yahoo.com/p/tops/usstk.html
http://biz.yahoo.com/p/tops/fixed.html
http://biz.yahoo.com/p/tops/intls.html
http://biz.yahoo.com/p/tops/hybrd.html
And I clearly stated in my article that based on the numbers, the person who pays the minimum on a house note and invest the rest will ALWAYS have more money in the end, unless the % that they get on their investment is lower than their mortgage interest rate, minus inflation and minus the tax deduction. So you don’t even need anywhere near 12% to justify my argument.
But I appreciate your suggestion
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