No. of Recommendations: 3
What I did was set money aside in a money market account until I accumulated enough cash to pay off the mortgage. That way I had the best of both worlds, paying off the mortgage but still had liquidity in case of an emergency.

Exactly what was suggested a few sentences later:

This risk can be mitigated by the use of a 'mortgage freedom fund' - investing the money you would use to pre-pay the mortgage.

Of course, back then, money market funds actually paid something.

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