We were neither investing nor paying down the mortgage early in our case. We were spending the money elsewhere. I believe this is the reality for most people.
The former rule of thumb was to invest your age into these lower-risk assets.
So, for example, if you were 30-years-old, you’d want to be 70% invested in stocks and 30% in bonds or other lower-risk assets.
If you leave that money in stocks for ten years or more, you’ll likely have more money than by paying down a mortgage.
Being old enough to see that unfold, I never want to be in that situation.
Of course, paying down a low-interest rate mortgage may seem restricting at first. Still, a strong financial foundation of being completely debt-free allows us to take more considerable risks in other areas.