while there is a zillion of thread around here about paying debt or invest, I really think it's not THAT simple...
If you bought to much of a house with to much mortgage, low income, no other assets, no EF, I would not recomend to invest instead of ré paying debt, I would just advice you are in a fragile situation, fix it first! I dont care if someone convince you that mathematicaly it's better to invest, save you ass first!
On the other end of spectrum, there are people saving >50% for decades, NW over 1-2M$, stable/safe job with DB pension etc arguing "I just want to sleep well at night" well, ok then! You already won the race anyway even if you stop working tomorrow and invest in a 50/50 stocks/bonds portfolio.
For simplicity of discussion, I rounded up every numbers here. I just want to know what you think about it and what boundaries do you set for yourself.
Over the last 20 years, my overhall leverage (debt/assets) went from 70% to 20% and debt (mortgage & HELOC only since I have no other debt) always been between 75k$ and 240k$
NW went from 20k$ and lately crossed the 1M$ mark. I now decided am comfortable keeping leverage between 15-20% @ 240k$
Actual interest rate is below 2% net and 1 year payment is 10k$ P+I
House represent about 25% of assets and keep decreasing, the rest is 100% low cost stocks broad index ETFs, no bonds. Average MER below 0.10%
I keep 3 months of living expenses in HISA (1% of total NW) and have acces to 100k$ overnight through remaining HELOC, LOC and CC