• ImFresh3x@sh.itjust.works
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    11 months ago

    When borrowing rates are lower than investment returns borrowing just makes good financial sense.

    I could pay off my home loan today, but at 2.5% interest why, when I can keep that money and leave it in a safe high return investment? I’d be losing 10s of thousands a year in returns for my retirement to save a few thousand in mortgage interest.

    Same thing with cars.

    Then again, I don’t even buy new cars. I just get a dependable used Japanese car and drive it until it dies at 300k miles.