3009: When to Prepay Your Mortgage Instead of Investing by Chris of Keep Thrifty on Financial Risk Tolerance

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Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3009: Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences. While investing often yields higher returns, the guaranteed stability of prepayments can bring peace of mind, especially for those who value financial certainty over potential gains. Read along with the original article(s) here: https://www.keepthrifty.com/2016/06/05/prepay-vs-invest.html Quotes to ponder: "Much of our momentum on paying the mortgage down can be attributed to the prepayments we’ve made along the way." "For my risk-profile, the relative downside (pain) of losing $33,000 is more impactful than the relative upside (gain) of getting $55,000." "Before you make any major financial decision, do the math and know your mentality!" Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:17.5	Subscribe to the average Joe now. This is Optimal Finance Daily. When to prepay your mortgage instead of investing.
1:27.9	By Chris of keepthrifty.com.
1:31.3	We had a toastworthy moment last week.
1:34.9	Our outstanding mortgage balance finally came under the $100,000 mark,
1:40.2	or officially in a five-digit mortgage.
1:43.8	Much of our momentum on paying the mortgage down
1:46.7	can be attributed to the prepayments we've made along the way. They are also the primary way
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