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Message: <blockquote data-quote="swampratt" data-source="post: 4160639" data-attributes="member: 15054">Ok so let me explain.When you first start working somewhere they ask how many dependents do you have.That way they know how much to take out of your check each pay period.I claimed 9 and sometimes it was 11.Well when it came time to file taxes i could only claim myself.So I had to pay in money,  sometimes 2,000 bucks.My friends were all saying that was a bad thing.I told them I can take that extra money I get on my paycheck and invest it and make way more than I will have to pay in.I had a house payment at that time (Not rent) and interest was  almost 300 each month.So for each extra  principal payment i made that meant I saved almost 300.Win.First house paid off in 5 years and second one took 25 months.It is where I live now.Plan was to pay it off in 24 months but I slipped a month.They only got $2,500 from me in interest for this house and that was at 6.5% and the second year was 7.5% interest rate.Pay off your house.Then it is actually yours and not the banks house.</blockquote>