Congratulations! Having paid off your home at 40, you’re now set to maximize your savings for the rest of your working career. I paid off our home in 1996 at roughly your same age when I received a small inheritance and it was one of the best financial decisions I’ve ever made. Having a paid for home is very powerful financially and psychically - there is something liberating about it. It’ll be interesting to know how you view this decision 5, 10, 20 years down the line.
Comments
Congratulations! Having paid off your home at 40, you’re now set to maximize your savings for the rest of your working career. I paid off our home in 1996 at roughly your same age when I received a small inheritance and it was one of the best financial decisions I’ve ever made. Having a paid for home is very powerful financially and psychically - there is something liberating about it. It’ll be interesting to know how you view this decision 5, 10, 20 years down the line.
Post: On the House
Link to comment from March 27, 2021