My wife and I have always been pretty frugal, but lately we have been trying to be more mustachian. We have no consumer debt (with the exception of credit cards paid in full monthly).
We have a mortgage that we would like to pay early, and we would really like to reach FI within the next 10-15 years. In the meantime, we have recently realized that we have many underperforming little employees(emergency fund and car fund in savings accounts). There is a benefit of liquidity, but with the amount we have saved, it seems like it would be beneficial to put the cash to work. One idea we have is to invest more, and just have less liquidity, and a second idea was to use the cash to pay down the mortgage and open a HELOC to use for short-term liquidity until we sell investments.
What would other mustachian's suggest?
Retirement
401K (Combined): 39K
Roth IRA (Combined): 22K
Cash
Checking: 4K
Savings 0.84% APY: 20K
Other
Investments: 37K
Home, value ~160K
Mortgage (4.125%): 117K
Net Monthly income: averaging 1.4K