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:
Mark shares insights on achieving financial independence and preparing the next generation for financial freedom. Returning from his trip to French Polynesia and Hawaii,...
In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the...
In this episode Mark updates listeners on his personal housing situation and discusses the recent challenge accessing his Charles Schwab account amid market volatility...