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Round Table | When is the Right Time to Pay Off My House?
Choosing between paying off your debts and investing the money is a difficult decision, mainly because people are led to believe that debt freedom is the same as financial freedom. So they strive to pay off their home mortgage–the biggest debt they probably have–as soon as possible. But is this the best way to get to financial freedom? When is the right time to pay off your house? What is the alternative?
Today, the Financial Freedom Coaches gather to exchange ideas on the following topics:
What are the top reasons people choose to pay off their houses?
What is the alternative to putting your money towards mortgage payments?
Why would you consider the alternative?
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6:30 - Why is it important for us to talk about the right time to pay off your house?
12:39 - What are the top reasons people pay off their mortgage?
16:21 - As someone who realized it was a mistake to prioritize paying off your house, how do you communicate facts and logic to someone in an emotional situation?
25:03 - What is the alternative to paying off your house?
38:36 - Why consider the alternatives?
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