CBAD…
When I am in my 70’s-80’s I want to have as much debt as possible, with a pile of money rolling in from investments every month, so I can do whatever I want and give money away as I choose..
What I don’t want is to be living in a box that is worth $2 or $3 million and own it free and clear.
When you can lock in a long term interest rate and end up paying it back in cheaper dollars why tie up cash now ?
I’d say that it’s very possible that in the next 10-15 years, you will be able to safely earn 8-10% from bank interest, and have a 6% or less mortgage.
I’d like to have as much manageable debt as possible out there and have money available to enjoy my life now, while I can.
I think that 15 YR loans and paying down a mortgage fast is a foolish thing to do for most people. Too many people are a slave to their mortgage.
If you have regular monthly income, and monthly debt is under control, who cares.
I have studied the value of time and money over many years, I don’t think that most people get it.
I’m not waiting until I’m in my 60’s to start enjoying life. I wanna die with debt, not $5 million tied up. Just my 2c.
