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Скачать или смотреть Should you PAY OFF your home mortgage in 2024? | Morris Invest

  • Redacted Invest
  • 2024-10-10
  • 3896
Should you PAY OFF your home mortgage in 2024? | Morris Invest
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Lately on the show, we’ve really been dialing down on how to protect yourself during these volatile times of high inflation, endless job layoffs, and record rates of consumer debt. So, you probably already know that now is the time to pay off any risky, high-interest credit card debt. But one question I’ve been getting a lot is, “should I pay off my mortgage in 2024?” So let’s unpack this question on today’s show, including specific points you should consider when making this decision.

Ultimately, making this decision comes down to your priorities. Another thing to consider is that while paying off your mortgage can improve your finances, you’re technically not making your money work for you by paying off debt… To weigh your options here, check out this video on paying off debt vs. investing, where I walk you through specific points to consider, including how to weigh your interest rate, the impact your debt is having on your mental health, and ideas for buying assets that can actually pay your mortgage down.

Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/2PhM3LA

How to Pay Off Your Mortgage in 5 Years: https://amzn.to/2OrjTSD
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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