Quote:
Originally Posted by Dadhawk
You have to answer that question for yourself. For me, if that is the reason I have been putting the money in savings, yes, I would write the check and be done with it. It's how I'm wired.
It depends on how you look at "having" money. From a pure net worth prospective, you don't "have" the money if you owe it to the bank. To me, it's the same logic as "you have to have a mortgage so you have a tax deduction". I'd rather give $25 to Uncle Sam than give $100 to Bank Of America to avoid giving Uncle Sam the $25. I'll keep the $75 and do something with it.
I know I'm wired differently than most Americans when it comes to my view on this, and I'm OK with it. Finance is as much a personal decision as it is math. You have to go with what works for you.
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I agree with this 100%. It is all in how you view it, and how much effort you want to put into it. With more risk comes more reward, but not everybody wants to take risk (understandably so).