Rolex Forums - Rolex Watch Forum - View Single Post

m j b · 30 November 2022, 11:09 PM

First, as many have said, our attitudes change as we get older. Secondly, few 20-somethings can buy a house for cash. You get into your 50s and 60s and it may be more possible. We here tend to be far above average (IMHO) in income and intelligence.

OK, maybe just in income. LOL

j/k

Debt is a tool. Use it wisely.

When my Mom retired, she had a financial advisor that I met with, and I asked him about the logic of her paying off her mortgage, which was from the early 70s and had something like a 2% rate. And she was in the last years of it, so it was mostly principle anyway. He said that it was very common for retirees to want to eliminate debt like that.

30 November 2022, 11:09 PM	#18
m j b "TRF" Member Join Date: Mar 2011 Real Name: Michael Location: RTP, NC, USA Watch: ♕& Ω Posts: 5,089	First, as many have said, our attitudes change as we get older. Secondly, few 20-somethings can buy a house for cash. You get into your 50s and 60s and it may be more possible. We here tend to be far above average (IMHO) in income and intelligence. OK, maybe just in income. LOL j/k Debt is a tool. Use it wisely. When my Mom retired, she had a financial advisor that I met with, and I asked him about the logic of her paying off her mortgage, which was from the early 70s and had something like a 2% rate. And she was in the last years of it, so it was mostly principle anyway. He said that it was very common for retirees to want to eliminate debt like that. __________________ Enjoy life - it has an expiration date. Disclaimer: Please note that the avatar is not an accurate representation of how I look. The camera adds 10 pounds...