Quote:
Originally Posted by Hegge
Does anyone recommend:
1.) Increasing 401k distributions
2.) Paying more mortgage principal each month
|
2 no. Unless you have a high rate in which case look at a re-fi. Otherwise, your home loan is the cheapest money you can borrow. Put extra into something that returns more, and you're better off in the long run.
I recent bought a few exotic cars (classics) all for cash, but have my home loan maxed - for what I earn having that money invested I make way more than I pay in interest.