re: When to pay off the mortgage

I love the MT.

My house is paid for, and there's zero chance I would take out a loan against it to invest. The people giving out this advice often claim to have nice vehicles, kids in private school, and nice quarterly vacations.

My point is that you (us) could always invest more than we do. Whether its dining out on occasion, having nice vehicles, or taking a family beach trip, there is always an opportunity cost. If someone is so determined to invest more that they forego paying off their mortgage, or giving you that advice.....make sure to ask them what they drive and where they like to eat. Because if they don't drive a clunker and eat rice and beans, then they aren't taking their own advice.