Quote:
Originally Posted by puckedoff
I'm somewhat of a money nerd myself (.jpg), and generally no it doesn't make financial sense to dump money on your mortgage, assuming that you would otherwise use the money for investments.
I did it anyways at renewal, because the thought of having it entirely paid off just feels good, dammit.
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Logic also might dictate a smaller house, a car with less bells and whistles, frugality vs conspicuous consumption/travel, etc. If purely maximizing money is your goal. Those that do nothing but maximize money (ie: money hoarders) are exceptionally rare.
People "waste" money on "inefficient things" other than investing. A mortgage is not close to the worst way to spend on something that doesn't make "financial sense". We all need dopamine hits somehow.