Disadvantages of Paying Off Your Mortgage Early

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9 • 604 Ratings

🗓️ 15 March 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Paying off your mortgage early is an idea that I absolutely love! But I know it's not for everyone ... I decided to look at the disadvantages of paying off your mortgage so people can see both sides of the argument and make the best decision for them. Also, we hear from Juan from Michigan whose simple term life insurance policy changed the course of his family's life. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors UNest: Start investing easily for your children today! Quotacy: Get term life insurance and protect your family from the unexpected. OTHER EPISODES YOU MIGHT LIKE Family Wealth and Happiness: 10 Steps to a Better Tomorrow (Today) How We Paid Off Our 15 Year Mortgage in 5 Years 50% to 10%: Why We're Happy Saving Less in FIRE Journey MKM RESOURCES MKM Coaching: Request a free 15-minute consultation today YouTube: Subscribe for free to watch videos of these episodes and interviews Instagram: Follow our IG channel Voicemail: Leave your question or comments here Merch Store: Check out our t-shirts, hoodies, and coffee mugs! 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, this is Ava from Vanta.
0:02.0	In today's digital world, compliance regulations are changing constantly,
0:07.0	and earning customer trust has never mattered more.
0:10.0	Vanta helps companies get compliant fast and stay secure,
0:13.0	with the most advanced AI automation and continuous monitoring out there.
0:17.0	So whether you're a startup going for your first stock two or ISO-27,001, or a growing
0:22.1	enterprise managing vendor risk, Banta makes it quick, easy, and scalable, and I'm not to
0:27.1	say that because I work here. Get started today at banta.com. And I guess the question is,
0:33.6	are you more motivated by living a simple, peaceful, and happy life, more simplified
0:40.3	life, or are you more motivated by making the most money possible?
0:48.5	This show is dedicated to helping you, strengthen your family tree, and live financially free.
0:56.5	Welcome to the Marriage Kids and Money podcast, everybody. This is Andy Hill. And today, we are going to do three things. First, we are going to answer a question from the marriage kids and money community about the disadvantages of paying off your mortgage early.
1:13.2	You guys often hear me talk about the advantages, so I thought it would be smart to kind of look at
1:18.0	the other side a little bit. Second, we are back with our mortgage-free segment. So this month,
1:24.9	we are featuring Juan from Michigan, whose life changed dramatically through his
1:31.2	purchase of a simple term life insurance policy. Now, there's a lot to learn from this chat,
1:38.5	and I right off the bat just want to thank Juan for his bravery and sharing his story. And last but not least,
1:46.2	my son Calvin is going to join me for a money quiz. He really likes listening to his sister do
1:53.3	the money quiz, so we're going to do one together. And then he's going to cap it off with our
1:58.4	carpe d.m quote. All right, let's jump into today's show.
2:04.3	I received a question from Maria on YouTube, and here it is.
2:09.9	Great video. New sub here. That's a subscriber for all you peeps out there.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Andy Hill, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Andy Hill and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.