Dead Mike LSU Fan Cell Block 4 Member since Mar 2010 1736 posts
re: Paying off all debt except mortgage (Posted on 1/14/13 at 1:26 pm to Vols&Shaft83)
quote: I still think it's a better idea to plow extra money into principal as opposed to making minimum monthly payments, think about what you could do if you didn't have any mortgage payments.... Like I said earlier, combine investing extra money with extra principal payments and you eliminate a shite load of risks.
You're simply sacrificing more money now to have more money later, when that money has declined in purchasing power. The problem is that you have a very limited ROI, at the cost of decreased liquidity.