In this episode Mark discusses the pros and cons of paying off a low-interest mortgage with Doug Cunnington from the Mile High FI podcast. They address a listener's question about whether to pay off a 2.5% mortgage or invest the money elsewhere.
The discussion includes various approaches, potential returns, and risk mitigation strategies. Mark and Doug also delve into scenarios related to market volatility, financial flexibility, and the psychological impact of mortgage debt.
If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
The Wonder of Compounding | Episode 011
Morningstar article: What We’ve Learned From 150 Years of Stock Market Crashes
Timestamps:
In this episode Mark shares his approach to starting the new year with a solid personal financial plan. He covers how to reflect on...
Understanding Liabilities and Calculating Net Worth In this episode, Mark continues the financial literacy miniseries by focusing on liabilities and how to calculate net...
In this episode Mark shares his personal approach to fourth quarter income and tax planning. He explains the benefit of using a one-page financial...