...If you have a net worth of, say, $1 million and 30% of it is your paid off house, that's not doing you much good...Andy,Not having read the book, I'd have to disagree with you on this point. You have to live somewhere. If you have your house paid off, then that is money that you don't have to pay in rent or mortgage payments. ...if you can take equity out of your house at one interest rate and put the money into an investment at a higher rate (because of the tax break on the mortgage interest) and then at retirement access the money tax free rather than paying taxes on it as with a 401K, it's a good deal...The standard deduction is quite a bit of money. To go above and beyond that would take a hefty mortgage. To make a higher rate of return on your money than what your mortgage is may take a magician, or someone with a crystal ball. I'm probably overly cautious, but better that than end up with??? Am I being too conservative?Good Luck,Gup
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