"Should I Pause Investing to Pay Off My Mortgage?"

Money Guy Show

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

Education, Investing, Business

4.7 • 3.1K Ratings

🗓️ 8 May 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Here's a question we get a lot that always elicits strong reactions - should you pause retirement savings to finish paying off your mortgage? We'll walk you through that question and more in today's Q&A episode! 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm
0:05.0	Question from Dan is up next.
0:09.0	I'm 33 and the only debt I have is my mortgage.
0:13.0	I calculated it and if I stopped retirement contributions,
0:17.0	I could pay off my mortgage by the time I'm 40.
0:21.0	Is this a good decision?
0:23.0	Ready for some spicy takes.
0:26.0	Dan is over going to say.
0:29.0	I think this is a genuine question.
0:32.0	There is a part of me that's trying to like.
0:35.0	Dan, I'm going to send you new here.
0:37.0	That's crazy.
0:38.0	That's crazy.
0:39.0	We're so happy to have you.
0:40.0	So happy to have you.
0:41.0	Is this you softening them up before I come in and just...
0:44.0	Yeah.
0:45.0	Superman punch.
0:46.0	That's it.
0:47.0	Dan, I'm going to tell you the first thing I want you to do.
0:49.0	Brian's going to tell you what to do.
0:51.0	Brian's going to tell you why to do it.
	...

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