Thomas Rogers
Well-Known Member
Caymen said:
Again, I never said that. Read my last post above.
I simply said that if you are planning a mortage payment of $500/month because that's your comfort level, but have budgeted that you can pay an additional $250 a month now, while times are good, then that's not a financially sound strategy IF the reasons for doing it are to save money in the long run and to make yourself more financially fit for a rainy day.
Simply put, that $250 invested elsewhere will be more liquid and perform better.
TJR
So then I spend every penny I have to make my mortgage payment. Sorry, homie don't play that. If I lose my job, fall under hard times, or something else, I can keep my house.
Again, I never said that. Read my last post above.
I simply said that if you are planning a mortage payment of $500/month because that's your comfort level, but have budgeted that you can pay an additional $250 a month now, while times are good, then that's not a financially sound strategy IF the reasons for doing it are to save money in the long run and to make yourself more financially fit for a rainy day.
Simply put, that $250 invested elsewhere will be more liquid and perform better.
TJR