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Old 06-23-2008, 04:30 PM
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Quote:
Originally Posted by disneysteve View Post
I agree. It isn't just about the numbers. As I said earlier, I paid off my student loans in 12 years when they were scheduled for 25. That was not a good financial decision as the interest rates were low and the stock market was doing great. I missed out on a lot of potential growth by prepaying the loans. But I hated having them. Had I just made the scheduled payments, I would still have been paying off my own loans when my daughter went to college. I just couldn't see doing that. So I prepaid them pretty aggressively and repaid them in just under half the scheduled term. I was willing to sacrifice some growth to be rid of the debt.

I bet you (Due to good financial planning and management) are doing great now and will in the future. There's something to be said about the freedom from debt that a few more investment dollars can't measure. I hope some day you will get the same feeling of enjoyment when you walk through the yard of your home, the day you pay it off.
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