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To: CSM

I had to look up what the steps that far in front are before responding. The way the economy’s going, I’m promoting “paying off the house” to step 4 instead of step 7.


121 posted on 04/13/2010 1:26:35 PM PDT by nina0113
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To: nina0113

The problem with moving the payoff of the house up and skip investing, then you miss the opportunity to invest at the lows. In addition, you would risk having a paid off house but no other wealth.

The reality is that you would be surprised by the speed that while doing invsting, and putting all extra cash against a mortgage, that the house is paid off. Without any “extra” inflow for me, mine should be paid off in 5 years or less. At the same time my retirement is being funded.


123 posted on 04/14/2010 5:24:08 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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