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Marriage Kids and Money: Personal Finance for Families

Should I Pay Off My Mortgage or Invest?

Marriage Kids and Money: Personal Finance for Families

Andy Hill

Investing, Business, Kids & Family, Parenting

4.9604 Ratings

🗓️ 6 August 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

When you get to the point of becoming debt free, you have a decision to make ... Do you pay off the mortgage or do you invest? Luke from Indiana asks this question and I give him my best answer. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Why are businesses like HelloVet choosing Apple products and services?

0:05.1

So we started the business two years ago.

0:07.2

We had a few people who were used to PCs and this was their first foray into Macs.

0:12.5

But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.

0:18.0

Find out how Mac can help you run and grow your business at Apple.com forward slash

0:23.6

HelloVet.

0:26.0

To pay down the mortgage or to invest, that is the question we're going to answer today.

0:44.1

This show is dedicated to helping you, strengthen your family tree, and live financially free.

0:46.4

Welcome to the Marriage Kids and Money podcast, everybody. This is session number 94, and my name is Andy Hill.

0:51.5

Today, it's the first Monday of the month, my friends. That means we're answering a

0:56.6

question from the marriage, kids, and money community. And after that, we're highlighting

1:02.2

another Money Master of the Week. And last but not least, our FinTech Spotlight segment

1:08.1

will feature Chris Costello from Bloom with three O's.

1:13.1

He and I are going to be talking about the state of retirement in the United States of America

1:18.4

and what people can do to become better prepared.

1:24.6

All right.

1:25.3

Let's jump into today's show.

1:31.5

This month's question comes in from Luke from Indiana.

1:36.8

Hey, Andy, I was reading on your blog that you recently paid off your mortgage early. Congratulations.

1:48.3

Thank you, Luke. I'm a Dave Ramsey guy like you,

1:54.7

and we're getting close to baby step six. I'm considering going heavy into paying off my mortgage like you did, but I'm also thinking it might be smarter for me to invest more for my retirement

1:59.9

or just simply invest in the market.

...

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