Comments on: Pay Off Your House NOW? Or Save For Another?

By: Roddy McDowall

Roddy McDowall — Thu, 13 Jul 2023 14:09:57 +0000

In reply to Rebecca Gallagher. This must be an investment with lauren

By: Rebecca Gallagher

Rebecca Gallagher — Thu, 13 Jul 2023 13:19:23 +0000

Fantastic video regardless of the economic slump, I'm so happy I have been earning $ 40,000 returns from my portfolio income every 13days

By: The other Donald

The other Donald — Thu, 13 Jul 2023 12:56:23 +0000

I just made the move to reduce from maxing my 401K to the employer match so I can pay off the mortage in 5 years at 50. From 50-55 planning on diverting that extra cash for future motor home purchase to reduce high interest on that depreciating asset that my wife wants…..

By: Giovanni G

Giovanni G — Thu, 13 Jul 2023 04:06:49 +0000

Reading the crazy comments here. It appears most are not really listening to the jazz guru. Pay close attention.

By: Bruce Smith

Bruce Smith — Thu, 13 Jul 2023 02:57:52 +0000

Great advice Dustin thank you

By: Bert De

Bert De — Thu, 13 Jul 2023 02:10:29 +0000

If you are getting at least 5% or more on your money and have a 3 1/2% loan you can afford to pay off now, do the 5% savings (plus compounding) until such time the savings rates drop below 3.5% and pay off the mort. then with even cheaper cheaper dollars, later.

I’ll never understand the idea of being debt free , even in retirement, if it costs more in the end (are we ever debt free). Set it and forget it until the savings environment dips lower than the mort. rate.

What difference does it make if the value of the house declines, unexpectedly? The principal is the principal. Would you act differently when it appreciates?

By: Rob McKee

Rob McKee — Thu, 13 Jul 2023 01:50:38 +0000

We paid off our home and three rental properties using a debt snowball. We seem to have less big emergencies since we did.

By: Kevin Kuc

Kevin Kuc — Thu, 13 Jul 2023 01:09:43 +0000

All debt is bad because you are borrowing for some reason, usually you can’t afford something. Your house can be taken away, your car etc. You will have more money if your debt free. Worked for me at least.

By: Scott Fenstermacher

Scott Fenstermacher — Wed, 12 Jul 2023 23:55:27 +0000

Opportunity cost is key. If you make more interest in your savings account but want to pay the house off early, put the money in the savings account until you can pay a lump sum. You’ll end up next positive.

By: Kirk Royse

Kirk Royse — Wed, 12 Jul 2023 23:50:20 +0000

My finances skyrocketed when I started to tithes 10% to God.. praying on every decision I make and God always provides and leads me down the right path…