When I told the internet I'm paying off my 2% mortgage early, men flooded my inbox to 'correct' me. They're wrong, and here's why.

Business and Finance Business and Finance

Sat, January 25, 2025

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When I told the internet I'm paying off my 2% mor .. x to 'correct' me. They're wrong, and here's why.

When I told the internet I'm paying off my 2% mortgage early, men flooded my inbox to 'correct' me. They're wrong, and here's why.

^{Published on 2025-01-24 17:00:58 - MSN}

I'm paying off our 15-year mortgage early, even though the interest is under 2%. Returns aren't everything, and financial freedom is priceless.

The article discusses the author's experience of announcing their decision to pay off their mortgage early, which led to a significant backlash from men on the internet who argued that it was financially unwise. The author, however, defends their choice by explaining several benefits of early mortgage payoff: it reduces the total interest paid over the life of the loan, provides peace of mind by eliminating debt, and frees up monthly cash flow for other investments or expenses. They also address common counterarguments like the potential for earning more through investments, pointing out that not everyone has the same risk tolerance or investment acumen, and that the psychological and financial freedom from being debt-free can outweigh potential investment gains. The author emphasizes personal financial strategy over generic advice, highlighting that what works for one person might not be suitable for another due to individual circumstances, risk tolerance, and financial goals.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/realestate/when-i-told-the-internet-i-m-paying-off-my-2-mortgage-early-men-flooded-my-inbox-to-correct-me-they-re-wrong-and-here-s-why/ar-AA1xOMIJ ]

N@N

When I told the internet I'm paying off my 2% mortgage early, men flooded my inbox to 'correct' me. They're wrong, and here's why.