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Generally I don't approve of paying mortgage early (very difficult to refinance if one has a serious medical problem and tubes from every orifice) but under the circumstances it seems my best option.

Another lesson taught to us from depressions past is the fear of debt.

I'm willing to bet that anyone from previous depressions would find it prudent to carry any debt while trying to save. Why are country became so addicted to debt is a mystery to me, but I suspect it has a lot to do with marketing by the financial establishment and the housing industry porkbarrel known as "mortgage interest deduction".

It would be interesting to add up all of the interest paid by the average american over a lifetime. This interest remains a drain throughout the typical person's life, stealing resources. The benefit of such debt-riddent lifestyle is debatable. If it were a one-time occurence then one could make a reasonable argument that it allows a person the chance to get out of emergencies. however, debt is typically anything BUT a relief from emergency situations. Heck, who pays cash for ANYTHING these days? Cars, appliances, and homes, all on the big credit card.

The bottom line is: you can't spend more than you have. Debt only creates the illusion that you can. It catches up with you. It makes no sense to me to invest anything while one is in debt.

Once you stop looking in terms of portfolio value, and start looking in terms of net worth, the meaning of my words becomes obvious.

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