Dear Me,
For Christmas this year, I want you to look back to August 2nd, 2018. This was the day you set a plan in motion to pay off your mortgage by December 2024. You had over two decades left of payments, every month. You read the arguments for and against paying off the mortgage early and decided that the ameliorating “invest the difference” argument was not as attractive to you as celebrating this Christmas with your family, completely debt-free, in a paid-for home. You were 42 then and your son was 11, about to start the 6th grade. Now you are 48, and your son is 17, a senior in high school. The time really flew, didn’t it?
Congratulations and Merry Christmas!
P. Gustav Mueller, August 2nd, 2018