Forum Discussion
sherpaxc wrote:Did you ever stop and calculate how much money you would have if instead of paying your house off early, you invested that money in a S&P 500 index fund? Maybe, just maybe, you would today have enough money to pay your house off several times over. I can; but I won't. I pay 6% interesst on my house, over the last 10 years my S&P 500 index fund averaged 8.8% per year.
Well, what you read worked for me, got me out of debt, I learned a lesson (that cost me money), but am now debt free other than my house payment of which I'm paying extra every month on the principle. Something I can do because I'm not paying on other things. I'll have a house paid for in 4 years and I'm in my mid 30s. That is at a public school teachers salary. I can't be that dumb.
I've actually really enjoyed the discussion. It's good to read other people's ideas and opinions.
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