The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / FIRE Wannabees

URL:  http://boards.fool.com/quotthen-they-paid-off-their-30-year-mortgage-19521634.aspx

Subject:  Re: Poll: Your parents...Foolish or not? Date:  8/29/2003  10:43 PM
Author:  leftthenright Number:  599 of 4981
"Then they paid off their 30-year mortgage several years early. I thought they were stupid to live in a house made out of money while the stock market was zooming."

My parents did the same thing. About 3 years ago they paid their mortgage off, which was about 12 years early. My father used to say there are 10 rules for financial happiness. He'd say Rule #1 is to stay out of debt and the other 9 rules don't matter.


Now they are ready to retire several years early and will probably bring in more money in retirement than when working due to pensions/401ks/IRAs/taxable accounts and ... no debt.
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us