If you've reached your goals financially and you want more certainty in your life than pay off your mortgage, this is a big enough opportunity. Forget about paying off any debt that's at a fixed rate. Go invest invariable rate stuff right now. The one and only astris that i will put there, lela is, if there are other elements in your life in which you carry a lot of risk and you would benefit from the psychological deal, averaging exactly then that might be a reason to pay off your properties.
#387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties?
Linda invested in a 529 for her son’s college, and he’ll be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money.
Jen and her husband want to retire in 8 years. They’re hoping to have paid off their mortgage AND hit their net worth goals when they stop working. How should they prioritize between these two goals?
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode387
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