Ask Paula: Can I Make Money With My Passion?
Afford Anything
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Should I Pay Off the Mortgage?
Paula, you run a very capital intensive business that is profitable and it makes money. It doesn't generate those returns in the form of cash flow per se, which means you need liquidity. I have no objection to that at all. But one of your questions was, should I pay off the mortgage? That mortgage is 200,000 sitting in a bank account. You could easily write a check and in one swoop of the pen, you could have that mortgage paid off in the next five minutes,. but you choose not to.
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