Comments on: Pay off debt first.

By: Solar panels for the price of the electricity « EE/RE Investing

Solar panels for the price of the electricity « EE/RE Investing — Fri, 07 Sep 2007 20:45:28 +0000

[...] put up your own panels. I guess I’m just not a big fan of 25 year contracts for anything. Mortgages, for [...]

By: The Danger of Impatience « EE/RE Investing

The Danger of Impatience « EE/RE Investing — Tue, 26 Dec 2006 18:22:53 +0000

[...] Renting is a lot less fun than buying, and when house prices are going up 15% a year, the gains you might have made by owning add to the emotional burden. In retrospect, while I was right not to buy dot-coms in 1999, I was “wrong” to choose to rent in Tucson from 2003 to 2005. The Tucson market rose considerably during that period, and while the rent I was paying was considerably less than I was earning with the investments I would have had to sell to buy and maintain a house (no, I would not have used a mortgage), the capital gains on the house would have been a nice windfall. [...]

By: Greg Moore

Greg Moore — Mon, 23 Oct 2006 19:29:51 +0000

If Susan has any additional debt — a remaining first mortgage on her home, car notes, student loans, credit cards — she may also consider aggressively paying off these debts while business is good and before retirement investing. Typical time frames for aggressively eliminating household debt are 5 – 7 years. The result is she’s positioned her business to survive when times are lean since personal living expenses drawn from the business are cut virtually in half. As an added benefit, successful retirement investing becomes much more likely. She has more money to invest, requires a much smaller nest egg, and may not need the investment returns and risk associated with the stock market.