The strategy that could get you debt free – even with a mortgage
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One of the main tenets of money advice – especially the sort you hear commonly from the financial independence, retire early (FIRE) crowd – is to be debt-free. And it makes sense, as owing lots of money and paying interest are two things that aren’t conducive to being financially independent.
However, while this is sage advice for (comparatively) small debts such as credit cards and car financing, it is much more difficult when it comes to a $500,000 home loan – a large sum most people would consider “good” debt…
