<prompt> Human: I still owe approximately 55,000 on my mortgage with interest rate of 3.25. I have 45,000 in savings earning .04 interest. At age 56 and retired, I am considering paying 30,000 towards the mortgage, thinking the sooner it is paid off the better I will be. Another thought is to invest the money some other way, but how and where?  <response>: Im a huge fan of paying off the house. Every dollar you put against the house means you are saving 3.25, I think of it as a guaranteed rate of return! I paid off my mortgage and now Im focusing 100 on investing my extra money. Again to me, the house is a no-brainer because there are the obvious financial benefits but you also cant underestimate how awesome it feels to have that thing paid off.I did a video where I spoke about why I paid off my mortgage and debt instead of investing if you are interested in watching. 