As for me, what would make me happier financially? Not having a mortgage would be number one. Well, wouldn't making more money help that? Yes, but the temptation for a lot of people would be to just get a bigger, more expensive place.
This is why you'll find households in the 90+ percentile will mortgage payments late into life. Instead of paying off their mortgage faster, they get bigger houses, do remodeling and spend more and more on their houses. My wife and I might get a slightly bigger place when we have kids, but we'd like to be mortgage free by the time kids go off to college.
This is why you'll find households in the 90+ percentile will mortgage payments late into life. Instead of paying off their mortgage faster, they get bigger houses, do remodeling and spend more and more on their houses. My wife and I might get a slightly bigger place when we have kids, but we'd like to be mortgage free by the time kids go off to college.