Paying off all of your debts is life changing. Lose your job with a mortgage or rent? How long is your emergency fund runway? Lose your job with a paid off d

Paying off all of your debts is life changing. Lose your job with a mortgage or rent? How long is your emergency fund runway? Lose your job with a paid off dwelling? Runway is a lot longer. Want to take some time off and do something different? With a lot of debt hanging over your head this may not be possible. Everything paid off? No big deal. You have to look at risk as well as rewards. You also have to look at flexibility and opportunity.