[LakeCleElum]

Originally posted by Moneyguy1
Everyone approaches the problem from their own unique perspective. I paid off my mortgage as fast as possible; payments 2x to 3x the original payment. Once paid off, I invested the same amount as if I still had to make the payments. I have not "run the numbers" to determine if this was the wisest course of action, but I do have a nice house, F&C; worth a lot if in the future I need cash or want more income (reverse mortgage), I have sufficient investments to provide a comfortable if not opulent lifestyle and I still carry the frugal nature that I was taught as a young'un.

No monthly mortgage payments. No car payments. No outstanding credit card balances (I hate paying interest). Automatic payment of utilities and such from the checking account (the payments are taken out at the last due date, leaving the account to accrue interest a bit longer)

I agree with the concept of leverage, but there comes a time when constant cash flow and predictable income streams trump speculation.

Smart guy.....And you're also named Bob S...