I'm a Wall Street guy, so believe me when I say I've heard it all.

Jul 1, 2015
1:59:55pm

PGVikingDad

There may be some merit to borrowing at 3.5%, taking a 30-ish% tax break on the interest, and investing the capital. In the long-run, the math actually works out. But I prefer being free.

This message has been modified

Originally posted on Jul 1, 2015 at 1:59:55pm

Message modified by PGVikingDad on Jul 1, 2015 at 2:00:57pm

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PGVikingDad

Bio page: PGVikingDad
Joined: Sep 13, 2011
Last login: May 6, 2024
Total posts: 7,685 (83 FO)

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Messages

Author

Time

So...I paid off my mortgage yesterday. Ain't gonna lie: It feels pretty frickin'

PGVikingDad

7/1/15 1:34pm

awesome! congrats....that day seems so far away!

nashty

7/1/15 1:35pm

Way to go! Can I borrow some money?

Cougarrr

7/1/15 1:36pm

For the record: A Thumbs-Up does *not* equal a "Yes."

PGVikingDad

7/1/15 1:47pm

You're Debt FREEEEEEEE! Are you going to call Ramsey and do the yell?

Niiineteeen84

7/1/15 1:36pm

I've had many a fantasy of doing exactly that, but probably not. This post is my

PGVikingDad

7/1/15 1:44pm

So being debt free sounds a lot like declaring bankruptcy.

Seito107

7/1/15 1:56pm

I'm sorry, you've exceeded CougarBoards 1 frick per post limit

Sea Chicken

7/1/15 1:36pm

Sweet! Congratulations!

IdahoCoug

7/1/15 1:37pm

Now just get the HELOC ready for when the market crashes and

Baron

7/1/15 1:38pm

I've got a song for you:

hxmCougar2000

7/1/15 1:38pm

Cougar Club Legacy Level IV beckons!

Avery

7/1/15 1:40pm

one day....

hxmCougar2000

7/1/15 1:41pm

And while I'm shamelessly bragging, my 401k has also gone solidly into six

PGVikingDad

7/1/15 1:43pm

Congratulations

Acorn

7/1/15 1:47pm

I didn't realize MLM's offered 401ks. That's cool.

Dwight Schr-UTE

7/1/15 2:03pm

Be prepared for a few naysayers that will tell that paying off your mortgage is

mudpupper

7/1/15 1:43pm

It is not the most efficient investment from a returns standpoint, but it may be

Baron

7/1/15 1:44pm

I'm a Wall Street guy, so believe me when I say I've heard it all.

PGVikingDad

7/1/15 1:59pm

Don't forget inflation. The dollars you pay back 20 years from now are worth

Gente_Boa

7/1/15 2:07pm

Yup. Again, there is some merit to the argument, but it's not for me.

PGVikingDad

7/1/15 2:10pm

People that understand the difference and make that decision, it's great. I have

MatthiasG

7/1/15 4:49pm

Did you follow Financial Peace University Teachings of Ramsey

CROSBYU

7/1/15 1:48pm

I'm a Dave Ramsey fan, but I've also always been frugal by nature. I've taken a

PGVikingDad

7/1/15 1:56pm

You are eternally indebted to your Savior, so don't get too uppity

mobomanjoe

7/1/15 1:48pm

Now pull that equity out to make upgrades and get a boat!

Jeremy

7/1/15 1:59pm

Do two KSL Classifieds kayaks count?

PGVikingDad

7/1/15 2:03pm

kayaks always count!

Squeegee

7/1/15 2:21pm

So awesome man. Congrats. I'll get there some day.

Mister P

7/1/15 2:33pm

Time to upgrade with a 110% home mortgage No fee No income verification enjoy

germ1

7/1/15 2:43pm

Only one thing could top that off:

supercoco

7/1/15 3:19pm

I wish we would celebrate this kind of thing more, but folks don't want to talk

NAFUYB

7/1/15 3:26pm

YES! Nicely Done! I'm working towards it but the Mortgage can take a while

Ynutter

7/1/15 3:58pm

I just started a new mortgage today. I'll be back to post like you in 30 years.

Cougarrr

7/1/15 4:08pm

Going to a 15 was the best thing I ever did.

Ynutter

7/2/15 10:23am

Congratulations! What do you plan to do with the excess free cash?

Roadrunner70

7/1/15 6:37pm

1. Breathe easier; 2. Max 401k; 3. Build emergency $; 4. Save for Bear Lake

PGVikingDad

7/2/15 8:07am

Thanks Obama.

soulcoug

7/2/15 11:21am

Celebrate...

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