I am new here - and have read many of the posts. I have a dilemma:
Commercial property - paid out in 10 years by business renters. Will then produce regular income of approx. $8000/month IF rented on a regular basis.
Home mortgage - if we give EVERYTHING to it, work EXTRA hard, turn down other more "fun" opportunities, paid off in years.
We could see the commercial, pay out the home, and have $$$ in the bank. We could take the mortgage payment, invest, cut back on work, and continue to build retirement funds.
Or we could just keep it and work that much harder to pay off home. No fun. 5 years.
FYI we are 46 and 50.
WWYD????