2719: Why Choose To Live In The Poor House - Again? by Helene Massicotte of Free to Pursue on Should I Rent or Buy

Optimal Finance Daily

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Episode 2719:

Explore Helene Massicotte's incisive take on the long-term pitfalls of choosing to carry a mortgage into retirement. Massicotte argues against the common belief that having a mortgage for life is manageable or desirable, highlighting the financial and psychological freedom that comes with being mortgage-free. This episode delves into the reasons why freeing yourself from perpetual debt is not just feasible but fundamentally liberating.

Read along with the original article(s) here: http://www.freetopursue.com/blog/2015/5/28/the-poor-house-again

Quotes to ponder:

"Being mortgage-free (read debt free) is just about the best feeling in the world, second only to being in love."

"You pay double for your housing when you count all the interest you pay over your lifetime."

"Your home will never be yours. It will always belong to the bank."

Episode references:

Happy Money" by Elizabeth Dunn and Michael Norton: https://www.amazon.com/Happy-Money-Science-Happier-Spending/dp/1451665075

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