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Should I pay off my mortgage early or invest – real estate 101
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I keep my emergency funds in gold bars (easily to not spend plus keeps increasing over time)
Never pay your mortgage off
Glad he spent 10 minutes saying absolutely nothing, at least he threw in some vague figures and amounts in there 😒
Great video!
I love your attitude and way of explanation !!
Great information.
Mortgage interest rate is calculated as ''compound interest'' which is substantially more than the simple interest rate. It is known as ''total interest rate'', so if your interest on mortagage is 5%, you're not paying $5 on $100 but you're paying substantially more. Stock market gains can also be compounded, but the guarantee of gains in stock market is not there as opposed to paying off the mortgage. Please use the mortgage calculate easily available online and check it.
Do neither, invest in quality crypto instead !!!
All the number crunching is great, but most wealthy people paid their mortgage off early rather than investing in some financial product. Everyone thinks they're smart with their investments,until the market eats them up. If you want to be wealthy,adopt the habits of wealthy people (note:"wealthy" doesn't mean billionaire)
Pay off your mortgage. Right now if you invest you will most likely loose your money.
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Good example on how much saved on 100$.
I'm going all in on stocks, 4,7% loan interest 📈🚀
Depends how your stocks go
Pay off more mortgage or gamble your money
You could put more money toward your house and in 10 years be forced to sell your house if you lose your job. And good luck if the housing market doesn't collapse when you lose your job. If you are scared to invest your money, just save them for the worst days, because you can apply that money to your house anytime. But once you pay it toward the loan, you cant take it back. It is the banks money now.
do not pay off your home early! in fact barrow as much as you can against it, and save it or invest in other things.
It's 3 percent per year you are saving. Not just 3 percent
Pay off mortgage as soon as possible.
The answer is never clear. No debt = certainty. Investments = uncertainty. There’s no price on peace of mind.
Very good video! You answered my questions and much more! Thank you very much!
That makes no sense with that logic I should get the highest interest rate possible??
Wonderfully clear and concise presentation
It took some thinking and planning, but instead of paying your mortgage bi-weekly, why not pay your mortgage weekly, like i do?
Pay off your mtg! Stockmarket is very volatile even for blue chips. I've won and lost hundreds of thousands in the market over the 50 yrs I've been in the stock market and I'm in blue chips. Thrilled that I paid off my mtg and invested wisely in real estate.
The problem that I see with investing in stocks is that you will never see that money.
Whatever money you receive from it, you're going to want to put it back into buying more stocks. I'd rather not owe money than to make money I can't even use.
Hilarious how annoyed he is… 😅😅😅
Finally the first video I've found that presents both sides of the argument, rationally. Thank you.
Great advice! Awful presentation lose the sheets and make it more natural.
Listen at 1.5x
I'm considering investing around $700,000 in stocks as I've learned that savvy investors can still profit during challenging times. Do you have any solid stock market strategies for this year?
Thank you for the vid. Straight up good, easy, clear advice
Get control over your housing cost first, then Stock
I can live without investment, but I kinda NEED SHELTER! (it's really pretty simple)
Don't pay off your low interest debt. It is not only about you can find investment that earn higher than the interest rate, It is mostly for hedging against the crooked government and fed printing money out of the crisis and astronomical government debt. The crooked government have no other way but cause inflation to cover their issue
This really helped clarify some questions I've had given my situation. Thanks!!!
64% living paycheck to paycheck is crazy.
Invest
Great video! Thank you for your clarity around the interest rates on mortgages and when it’s better to funnel the extra cash into the mortgage!
Brilliantly explained ! Excellent clear valuable thoughts and ideas ! Concise and to the point ! 🤩
great stuff, brian(as usual)
Investing in stocks was called an endowment mortgage, they are no longer in favour, mostly repayment mortgages now. Speaks for itself.
Managing money is simple. Put any extra toward the highest interest rate. Period! Regardless of if it's investment or dept ALWAYS put extra money toward the higher interest rate. Another point, the only way to get the money back if put it to your mortgage is to sell the house. With it invested elsewhere it's much more accessible.
in australia interst rate morgage is 6.6%, if you invest your own money pay tax in any profit you get. but if you invest bank money pay tax of your profit is ok because is not your own money,
Pay off your debts. You can put that extra cash to work then, if you want to.
Impressive information