4 ms·
It's a good simple model, but I think it's TOO simple. If you own a house and pay off the mortgage, two massive changes occur: 1) You free up that monthly payme
by russgray 14y ago
It's a good simple model, but I think it's TOO simple. If you own a house and pay off the mortgage, two massive changes occur: 1) You free up that monthly payment for investment, and 2) the amount of money required to maintain your standard of living nosedives. The same standard of living you get for $40k probably costs <$25k once the mortgage is paid.