Pay Off The Mortgage, Save or Invest?

Samme from Chicago recently became debt free. She and her husband now have extra money. Should they pay off their mortgage, save or invest? Andy shares his thoughts.

Andy also interviews Brittany Flammer, a financial coach, YouTuber, and mom of five, who has grown her family’s net worth to over $850,000 by age 39—despite a modest household income.

👩‍👧‍👦 Brittany shares:

• How she and her husband prioritized financial freedom over flashy spending

• The smart money habits that helped them grow their net worth on an average of $40K/year

• How they're raising financially capable kids without fully funding college

• Why giving, budgeting, and intentionality have been cornerstones of their success

• Their roadmap to becoming millionaires soon

Last but not least, Andy's son Calvin Hill joins for a Money Quiz. They are covering school coming to a close, net worth topics and enjoying summer.

EPISODE RESOURCES:

• Sponsors + Partners + Deals

• Brittany Flammer (website): https://brittanyflammer.com/

CHAPTERS

00:00 – Use Your Money According to Your Values
00:25 – Welcome & Today’s Three-Part Show Outline
01:00 – Listener Question: Mortgage vs. Saving vs. Investing
02:24 – Sam’s Voicemail: Conflicted About Mortgage Strategy
03:20 – Breaking Down the 3 Options: Save, Invest, or Pay Off Mortgage
05:45 – How Much Emergency Savings is Enough?
07:30 – Coast FIRE Explained & Retirement Account Strategy
09:50 – When and Why to Pay Off Your Mortgage
11:30 – Step-by-Step Financial Independence Roadmap
12:38 – Net Worth Win Segment: Brittany Flammer Interview
13:40 – Brittany’s Motivation: Security & Freedom
15:00 – Building Wealth on a Modest Income
16:45 – Saving, Budgeting, and Investing from the Start
18:30 – Net Worth Breakdown: Cash, Investments, and Home Equity
20:15 – Reaching $858K Net Worth and Nearing $1M
21:00 – Generational Wealth: Teaching Kids About Money
24:45 – Budgeting, Saving, and College Planning with 5 Kids
27:00 – Teaching Generosity and the Habit of Giving
29:45 – Advice for Others: Just Get Started
30:59 – Where to Connect with Brittany Flammer
31:40 – Money Quiz Segment with Calvin
34:50 – Calvin's Money Lessons and Omnifix Cubes
35:35 – What Is Net Worth? Calvin’s $11K at Age 11
37:40 – How Many Days Are in Summer Vacation?
38:20 – Final Quote & Show Wrap-Up

MKM RESOURCES:

• MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.

• Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course!

• Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement.

• Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free.

• YouTube: Subscribe for free to watch videos of these episodes and interviews.

RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):

• Monarch Money - Best Budget App for Families & Couples

• Empower - Free Portfolio Tracker

• Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link

• Ethos - Affordable Term Life Insurance

• Trust & Will - Convenient Estate Planning

HOW WE MAKE MONEY + DISCLAIMER:

• This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.

• Opinions are the creators alone.

• Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.

• Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

CREDITS:

• Podcast Artwork: Liz Theresa

• Editor: Johnny Sohl

• Podcast Support: Nev Maraj

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