[quote="JD Seller"](quoted from post at 19:46:28 03/17/14) I have never seen a rich man say he got rich by paying someone interest on money.
quote]
I guess I'd have to disagree with you on that statement. Many businessmen have said never use your own money to start a business. There are many stories of millionaires who started out with the change in their pocket and a plan....and a banker or friend. The idea is, if there is a risk, let someone else bare it.
The fact is it takes money to make money. If you can put that money to a better use (depending on your abilities) you should be further ahead....especially with these historically low interest rates. No wonder banks aren't anxious to lend money...who wants to take the risk for 15 or 30 years that rates won't skyrocket?
Now if you are just going to waste the money on frivolous crap...by all means throw it at the mortgage.
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