Hrmm my residence is fully paid for, investment properties 50% borrowed on asset value. They generate rental income so not too concern on paying them up, my war chest has enough to pay off all the loans but don't see a point really since that will leave me little to reinvest when the market goes down.
Debt has to be balance with income, there is good debt and bad debt so long as its not the latter its all good.
Quote:
Originally Posted by Unregistered
With interest rates expecting to rise, it is best you clear your mortgage debt fast.
I've cleared the mortgage for my condo.
I have also cleared my car loan debt.
I'm debt free. Can sleep in peace.
I'm 47.
How about you? Are you still in debt? How big is your debt?
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