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Don't Put Extra Money Towards Your Mortgage

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Uploaded by on Jan 7, 2011

Saving for retirement is smarter than paying off your mortgage early. Jill Schlesinger explains why.

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  • Would you take out a home equity loan to invest in the market? No. It's pretty much the same thing if you don't pay down the mortgage early. If you aren't planning on staying there though, then I would not pay off early.

  • Or...dumbass...pay off your mortgage and then instead of putting 100 bucks into your retirement account, not have a house payment and invest 1500 a month...not to mention never have to worry about ever losing your house if murphy shows up.

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