Payroll employment rises by 353K in January; unemployment rate remains at 3.7%

Re:Payroll employment rises by 353K in January; unemployment... by wil421 on Friday February 02, 2024 @10:20AM (#39229585)

Why pay your house off early? I stopped a while back and save the money instead. My wife and I both “pay” the full mortgage each but we save the other half for investments at the moment.

We could pay off 80% of our house this year but I feel like it should just invest all the cash.

Any thoughts beside being free from a mortgage? I would love to live rent free but I’d make more investing it.

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Re:Payroll employment rises by 353K in January; unemployment... by ghaff on Friday February 02, 2024 @10:30AM (#39229717)

There's definitely psychology involved but it's mostly about the numbers.

I paid off my ~5% mortgage quite a few years ago when I had some spare cash. In retrospect, I would have been better putting it into an index fund, but who knows adjusting for risk?

Today, if I had a 1-2% mortgage, I'd be putting the money in my brokerage money market account. If I were buying today, I'd probably pay cash if I could.

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