Paying Off Your Mortgage Strategically

Paying Off Your Mortgage Strategically

Author: ListenMoneyMatters.com | Andrew Fiebert and Matt Giovanisci July 1, 2019 Duration: 48:03
For most people, their mortgage is their biggest debt. And we all know that debt is bad. Debt is an emergency that we must pay off as soon as possible. But is all debt bad? Is paying off your mortgage quickly a good personal finance strategy? Paying off your mortgage more quickly has its advantages when done strategically but there are downsides too. We get a lot of emails asking about paying off mortgages early and people site various reasons for wanting to do so. A lot of people want to join the FIRE movement. They want to quit their jobs, retire much earlier than the typical retirement age of 65, and sometimes start a business with their extra money and time. Mr. Money Mustache is the God Father of the FIRE movement. He paid his mortgage off years ago to be able to live on something like $30,000 a year. Some people just hate the idea of having any debt hanging over their heads and as we wrote, a mortgage is the biggest source of debt for most. And there are some homeowners who have a bad interest rate and want to save as much money as they can in a bad situation. Yes, the idea of being mortgage free is seductive but before you decide anything, we want to show you how to pay off your mortgage strategically. Full Article Here Show Notes Peachy Bones: An India Pale Ale Jam Skate: A Double IPA Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever feel like personal finance advice comes from another planet, spoken in a language you don't understand? Listen Money Matters is the antidote. Hosts Andrew Fiebert and Matt Giovanisci ditch the jargon and the judgment, offering real talk about money that's actually useful. Their conversations are grounded, often funny, and built on the idea that managing your finances shouldn't feel like a lecture from the wealthy elite. You'll hear practical strategies for budgeting, investing, getting out of debt, and building a life where money works for you, not the other way around. This podcast cuts through the noise with actionable steps, whether you're looking to optimize an already solid portfolio or are just figuring out where your paycheck goes each month. The tone is refreshingly direct and relatable, making even complex topics feel approachable. It's the kind of discussion you'd have with a savvy friend who's done the research and isn't afraid to be blunt about what works. Tune in for a no-BS take on financial freedom that empowers you to make smarter decisions with confidence.
Author: Language: English Episodes: 100

Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.
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