I am not saying that you are in this camp but many people seem to think that having your house paid off some how means you also don’t have your back covered for a rainy day? With my house paid off I can live a lot longer on a rainy day fund, or other resources, than if it were not and I won’t deplete my assets to the tune of the mortgage payment or rent every month, in such a case.

If there comes a time when not going backwards is the best we can do I am ready. It is free illness, depression or armageddon insurance. Some how these considerations are missing from most of the writings on this topic. Maybe, no one writes about this subject for a paranoid audience?