• deegeese@sopuli.xyz
    link
    fedilink
    arrow-up
    35
    arrow-down
    3
    ·
    6 个月前

    Slow your roll buddy. I didn’t say it’s meaningless to everyone, only that it wouldn’t change my life.

    To your example, I already own a house but $93k won’t pay off my mortgage, or let me retire early, or cover my kids’ college costs.

    • Banana@sh.itjust.works
      link
      fedilink
      arrow-up
      13
      ·
      6 个月前

      Paying that large of a chunk of a mortgage would absolutely reduce your future interest costs though.

        • Banana@sh.itjust.works
          link
          fedilink
          arrow-up
          3
          arrow-down
          1
          ·
          6 个月前

          That’s completely relative. Literally anything will change your life, or nothing, it depends on your perspective.

          Saying “it wouldn’t change my life” means literally fuck all to the people whose lives it would change.

          Like good for you, I guess?

      • deegeese@sopuli.xyz
        link
        fedilink
        arrow-up
        5
        arrow-down
        2
        ·
        edit-2
        6 个月前

        Prepaying a mortgage is almost always a worse investment than anything else because mortgage interest is tax deductible.

          • hedgehog@ttrpg.network
            link
            fedilink
            arrow-up
            3
            ·
            6 个月前

            Sure, but mortgage interest can easily be enough to make that worth it without any other deductions. With $300K principal and a 5% loan, that’s $15K - about the same as a single taxpayer’s standard deduction and roughly half of a married couple’s standard deduction.