Hello! Here is a guest post from Melissa Brock about her decision on whether or not to pay off her mortgage. Melissa is the Money editor at Benzinga and founder of Collegemoneytips.com. Enjoy!
My husband and I like to make excellent financial decisions. He says I’m obsessed with our finances — which is kind of true. I mean, I listen to the “Afford Anything” podcast and read every personal finance related piece of content I can get my scroll-happy finger on. I’m also the Money editor at Benzinga for my full-time job. (Okay, okay, he’s right.)
Our mortgage is a source of well… pain, for me, if you want to know the truth. All the reading I do probably contributes to that. One day, I’ll read an expert post about how so-and-so plans to invest like crazy, pay the minimum on his mortgage, then run, giggling, toward retirement (early!) and revel in the spoils of compound interest.
This person might say, “Why would you pump money into a non-liquid asset?”
And so my mind goes, “Yeah! That makes sense.” [Read more…]