Brian Paid Off His Mortgage - Here’s What He Learned

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 23 July 2025

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Should you pay off your mortgage or invest the money instead? We break down a powerful case study comparing two 30-year-olds with the same mortgage - one pays it off early, the other invests. You’ll also hear how Brian recently paid off his mortgage (finally!), plus we answer your questions on umbrella insurance, mega backdoor Roths, and how to bedazzle your basic life without falling into lifestyle creep. Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.3	Age old question. Should you pay off your mortgage earlier? Invest.
1:10.7	Brent, I am so excited about this because we get asked this question all the time.
1:16.2	And people want to know.
1:17.0	And there are different thoughts out there in the financial world as to what is the most advantageous strategy?
1:23.2	Should I pay off my mortgage as quickly as possible and get that knocked out? Or should I not pay off my mortgage and get my money working for me?
1:32.3	And today, we hope we can answer that question.
	...

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