Right now, 80% of homeowners have a mortgage rate of 6% or less.

What is the best option for fire?

Paying off your mortgage or investing that money?

It's one of the most debated questions in the fire community.

And honestly, the math says one thing, but your gut might be telling you something completely

different.

Today, we're breaking down the real numbers, the psychological

factors, and the scenarios where each choice makes sense. Whether you're sitting on extra cash

right now or planning for the future, this episode will help you make the right decision

for your situation. Hello, hello, hello, and welcome to the Bigger Pockets Money podcast.

My name is Mindy Jensen, and with me as always is my doesn't have a primary residence mortgage co-host, Scott Tritch.

Thanks, Mindy.

Great to be here.

Good vibes today.

And that's a reference to the vibe coding that we've been doing to build some really cool tools.

So excited for today's episode. I love this topic. When I was researching for today's episode,

I was pulling up some calculators to analyze, should I pay off the mortgage or should I invest?

And I didn't like any of the calculators I found on the internet. I thought that they were terrible.

Some of them didn't allow you to make long investing time horizons. Some had wild assumptions or problems with it where if you paid off the mortgage early, like let's say we're saving $5,000 a month and you paid off your mortgage in year 10 or whatever it was, then it would just say that there was a wild difference in terms of the value of paying off your mortgage versus investing or vice versa,

because they didn't account for taking the funds after that investing. It was crazy.

Like there's no good way to make this analysis. And so today I'm excited to talk about this and,

you know, go over the philosophy and thoughts behind, you know, what is going to matter in the

...