Posted on 04/12/2010 3:35:10 PM PDT by library user
I had to look up what the steps that far in front are before responding. The way the economy’s going, I’m promoting “paying off the house” to step 4 instead of step 7.
LLS
The problem with moving the payoff of the house up and skip investing, then you miss the opportunity to invest at the lows. In addition, you would risk having a paid off house but no other wealth.
The reality is that you would be surprised by the speed that while doing invsting, and putting all extra cash against a mortgage, that the house is paid off. Without any “extra” inflow for me, mine should be paid off in 5 years or less. At the same time my retirement is being funded.
If you are correct and everything crashes, then there will be much more to worry about than the market performance or debt or etc. We will all be WOLVERINES.
And that is why I want to have clear title to the little crumb of land I live on. I only wish it were a bigger crumb!
If everything crashes, then that clear title would be worthless. There will be constant fighting over every inch of ground. Either we will be warring or we will simply cease to exist on Dec. 21, 2012.
I don’t think things will go that far, so I am going to continue working the system as it is designed.
Pray that is does not happen... I want to be wrong... but be prepared.
LLS
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