Reply To: Paying your mortgage off early
I could go on and on with this discussion, but only want to say that if I invest my money only in my 401k regardless of the investments, a 8-10% return is unrealistic. Glad you mentioned 3% as this is what you will probably earn. And depending on your 401k picks, they also can drop just as much as your house and even quicker (2008). And the average investor in 2008 did not hold on but panicked and sold and most now stay in cash or safe investments which average much less than 3%.
The only thing I can agree with you is diversification.
By properly figuring a budget and maintaining it, you can pay down your mortgage early, save for retirement, stay out of debt, and live the good life. This is what I call properly diversified.
I am glad you mentioned luck and lucky. Because all investments need both!