Tag: debt payoff
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Paying Off Loans Early Isn’t Always the Best Strategy
The instinct to kill debt feels responsible, but the math often favors keeping low-rate loans and investing the difference. Here’s when each wins.
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Paying off your mortgage early is financially irrational
The math says you’d earn more investing than paying down a low-rate mortgage. The peace of mind says do it anyway. Both can be true.
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The boring middle of debt payoff is where most people quit
Debt-payoff gurus celebrate the start and the finish line. The eighteen-month slog in the middle is where most plans die — and nobody’s writing about it.
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The avalanche method only works for people who don’t actually need it
The debt avalanche is mathematically optimal and behaviorally useless for most people in real debt trouble. Here’s why the snowball usually wins.