[Adam]

Don’t worry about paying off your home early. Invest in the stock market instead and you’ll make more in the long run.

[David]

I would suggest you learn a bit about the time value of money. Essentially it’s just a matter of what you spend it on today is worth more now to you than what it could be in the future.

Let math do the emotional work for you.

If the rate of interest is higher than the rate of return from an investment, then you pay the debt down.

If the rate of return from an investment is higher than the interest rate, then you invest the money.

Regardless, investing the money and holding long term will almost always win out over paying down debt quicker.

These are your fortune earning years so don’t waste them by paying off debt that you are financially able to cover.

Wait several years and refinance when rates are hopefully lower.

[Author]

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