Comments on: Contrary to popular opinion, paying off your mortgage is the dumbest move you can make …

By: Adrian

Adrian — Wed, 07 Sep 2011 21:46:47 +0000

@ NoShortcuts – The time to buy is when prices are low. You can’t buy investments if you’re busy ploughing all of your cash into your own home.

By: NoShortcuts

NoShortcuts — Wed, 07 Sep 2011 17:47:10 +0000

“But, if you’re still trying to get rich(er) quick(er)?

If you own a home, don’t pay it off ”

Um… Biggest warning sign in investment history here )

“Get Rich Quick” = Run. Far, far, away.

By: What price security?- 7million7years

What price security?- 7million7years — Mon, 26 Apr 2010 10:53:54 +0000

[...] in this post I’m going to try and do exactly that but, first MoneyMonk asks the question that all people have at the back of their minds: As a woman, I just want to say that “to each [...]

By: Adrian

Adrian — Wed, 07 Apr 2010 22:52:39 +0000

@ MoneyMonk – Paying off your mortgage is a ‘guaranteed’ (say) 5% after tax return on your money … if that’s all you need/want to earn, go right ahead

But, you don’t need a business (or even much acumen) to beat 5% (give or take a % or two) over a 15 to 30 year period … simply buying/holding a few quality stocks, or buying some good quality rental RE, or [etc.] will KILL that rate of return.

By: Moneymonk

Moneymonk — Wed, 07 Apr 2010 16:53:03 +0000

As a woman, I just want to say that “to each it’s own” Women love security.

If you are not a person that love investing, and you have the cash to pay off your mortgage (considering that you plan to live their forever)

Adrian- not everyone is business oriented. Some just don’t have the business acumen to run a business. Therefore, that group SHOULD pay off the mortgage

By: Adrian

Adrian — Mon, 15 Mar 2010 07:59:55 +0000

@ Eddie – I didn’t say NOT to pay off your house; mine is worth $6 million and I don’t owe a dime. Read the article again …

By: Eddie

Eddie — Mon, 15 Mar 2010 04:02:29 +0000

You are an idiot. Don’t pay off you house ? WTF!

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Sat, 26 Dec 2009 04:53:34 +0000

Adrian,

Although a riskier choice (depends on your definition of risk I suppose) this is something most wealthy people I know do. Especially with incredibly low interest rates (4-5%), it’s hard not to beat that small of an interest rate.

Been through this same argument with friends before and a lot of people just can’t seem to wrap their heads around it. Mostly because popular culture says… get a job… buy a house… pay off the house… retire… die!

Ryan

By: Safe as houses?- 7million7years

Safe as houses?- 7million7years — Thu, 08 Oct 2009 14:50:26 +0000

[...] for the ‘diss Adrian party’ is Dan who thinks that one of my favorite posts – Contrary to Popular Opinion, Paying Off Your Mortgage Is The Dumbest Move You Can Make – is ‘ridiculous’. Seriously, thanks for opening up an important new discussion [...]

By: Speak up!- 7million7years

Speak up!- 7million7years — Mon, 05 Oct 2009 09:26:44 +0000

[...] on in the week, I will introduce Brad, who challenges the notion that paying off your mortgage is the dumbest thing that you can do … Share This [...]