fne8w2ah@lemmy.world to News@lemmy.world · 1 year agoOver half of Americans say they're not even close to financial freedomscrippsnews.comexternal-linkmessage-square196fedilinkarrow-up1879arrow-down117cross-posted to: [email protected]
arrow-up1862arrow-down1external-linkOver half of Americans say they're not even close to financial freedomscrippsnews.comfne8w2ah@lemmy.world to News@lemmy.world · 1 year agomessage-square196fedilinkcross-posted to: [email protected]
minus-squarekent_ehlinkfedilinkarrow-up3·1 year ago Unless you pay cash upfront for a house, it serves no benefit to pay it off early due to inflation. Maybe not due to inflation specifically, but there are a lot of benefits to being mortgage free. Such as the simple peace of mind that comes from not having a massive debt hanging over your head.
minus-squareYoBuckStopsHere@lemmy.worldlinkfedilinkarrow-up2arrow-down2·edit-21 year agoA mortgage isn’t debt, it’s free money due to ROI. Rent is debt.
Maybe not due to inflation specifically, but there are a lot of benefits to being mortgage free.
Such as the simple peace of mind that comes from not having a massive debt hanging over your head.
A mortgage isn’t debt, it’s free money due to ROI. Rent is debt.