re: 60% of American adults don't have enough in savings to cover a $1,000 emergency

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I keep seeing people say things like paying off these huge debts is bad financial advice. I'm assuming because they think you can get a better return with that money somewhere else. I'm not arguing with you but I'd like to see the numbers on it. I don't play in money markets. I only invest in hard assets because I'm risk-adverse


This is a post I made last night in a separate thread.

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400k mortgage at today's rates costs 733k over the life of the loan.

400k invested in an S&P tracking index fund would yield 6,979,760.91 assuming a 10% annualized interest rate, which is based on the previous 30 yearsof returns.

So......yea....don't forsake investments for paying off your house early.

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For those that actually invest, paying off a mortgage is never the best option. For those who spend everything they make (which is well over 50% of the population) paying off a mortgage is never a bad option.