Re: Tax Season 2012: Work No Longer Pays
Depends on the interest rate and other debt to be serviced. Also depends upon the need for liquidity and flexibility. Once you pay extra toward principal, you no longer have that cash on hand. I'd much rather save the cash on hand and have the option to be able to pay off the entire mortgage early in one lump sum if I want. Especially in this day and age. The risks of inflation coming back in two years are just way too high for my comfort. I want a nice stockpile of silver coins first before I even think of sending extra principal payments.
Financial institutions promote losing money management strategies by getting us to look at our lives as a series of separate compartments while financially successful individuals generally have a good holistic view of the entire terrain.
Economics is the intersection between unlimited wants and limited resources.
Originally posted by FlagDUDE08
View Post
Financial institutions promote losing money management strategies by getting us to look at our lives as a series of separate compartments while financially successful individuals generally have a good holistic view of the entire terrain.
Economics is the intersection between unlimited wants and limited resources.
Comment