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Welcome to SportTrac.Org
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Mortgage Questions
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<blockquote data-quote="Bill V" data-source="post: 767611" data-attributes="member: 54538"><p>Not true. In your example, if you paid off your debts, then the $1600 wouldn't be saving money in the sense of increasing your net value, it would be simply replenishing the assets you previously had, that you had used to retire your debt. Paying off those debts means depleting your other assets--and if those assets are capable of earning more by being invested, than the interests costs they would avoid by being used to retire the debt, you're better off leaving them as investments.</p></blockquote><p></p>
[QUOTE="Bill V, post: 767611, member: 54538"] Not true. In your example, if you paid off your debts, then the $1600 wouldn't be saving money in the sense of increasing your net value, it would be simply replenishing the assets you previously had, that you had used to retire your debt. Paying off those debts means depleting your other assets--and if those assets are capable of earning more by being invested, than the interests costs they would avoid by being used to retire the debt, you're better off leaving them as investments. [/QUOTE]
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