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TRIAGE: Are mortgages good debt?

Medics Money podcast

CHAPTER

The Future Mistake of Tony Godby

This episode is vintage medics money. It's got economics, it's got cats and of course a bit about finances. So today I want to talk about why I'm doing a house renovation. And if you're watching on YouTube, you'll notice that Ed's cat is very interested in house renovations. His ears are just picked up. Yes, indeed. And hence the house renovation is the reason why we're actually doing this at my house. Tommy Godby has already demolished his house but he still wants to get into debt. He decided to borrow £10,000 for 10 years with an interest rate of 2.5%. That would have cost him £1,297 per year

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