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Don’t bother paying off your mortgage

June 2nd, 2008 by admin

Most people assume they’ll be better off by paying off their mortgage as fast as possible. They may be emotionally right but financially they’re wrong. I plan never to pay mine off. Here’s why.

“Debt: an ingenious substitute for the chain and whip of the slave driver,” says The Devil’s Dictionary. That is certainly how most people feel about it and while we don’t have the moral aversion to being in debt that was prevalent in the 1960s, we still feel that debt is oppressive and look forward to being free of debt. Read more
Courtesy: money.uk.msn.com

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