For couples who make really good $ yearly.....?

Why don't a lot of you save one persons paycheck for the whole year and live off the others just to pay down your mortgages? We have so many options in America thank god that we should stop giving our money to interest (tax write off or not) I realize that sometimes the more you make, the more lavish the life style, but why cant we sacrifice for a few years?


If each couple made ex. 70 per year or even 60 , in 3 yrs you would have enough to pay off a mortgage based on where you live or at least pay off half. It's so easy .....feedback?For couples who make really good $ yearly.....?
Your suggestion is valid for many couples with two incomes. Too often, however, there is a tendency to live within the two incomes when it would be simple to use part of the second income to repay debts. However, your suggestion does not fit everyone. A mortgage on a home is the lowest interest money that people can obtain. A couple that earns more than enough to repay the loan may be wise to keep paying on the mortgage and invest the extra money. If the mortgage has a 5 percent interest rate but you can invest money at 8 percent, financially you are better off investing, because you have a net gain of 3 percent on the invested money. Responsible people who can manage their money well can benefit by using the equity on their house to borrow at a low rate and invest the money at a higher rate. Keep in mind that the mortgage interest is a tax deductible item, which means the mortgage payments are subsidized by the government, which makes the cost of the mortgage even lower.For couples who make really good $ yearly.....?
So easy to give OTHER people advice about finances. Here's a hint: keep your own house clean, don't worry about others'.
I agree, but I don't make really good $. :-(