Talk of The Villages Florida - View Single Post - Mortgage in Retirement Years?
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Old 12-26-2020, 07:51 AM
Cranford61 Cranford61 is offline
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Quote:
Originally Posted by retiredguy123 View Post
In my opinion, it is more than a financial calculation. I had my one and only mortgage of $35K when I was 29. I couldn't sleep, so I paid it off in about 3 years. I have been totally debt free since then. I would guess that, if you actually compared people who live debt free to those who routinely borrow money, you will find that the debt free people have achieved a substantially higher net worth.
Atta boy! Ben Franklin would be proud of you. “Never a borrower nor a lender be”.