Should you pay off your mortgage early or invest the money?
Paying off a mortgage early versus investing the money, the security of owning a home outright.
Axis: pay it off for security and peace of mind … keep the cheap debt and invest
Answers by date: 2 records in 2 sources, newest first; the answers above are the current ones. One answer from each speaker here, so no change can be shown.
| date | who | answer | source |
|---|---|---|---|
| 2021-12-09 | Ali | Before reading The Psychology of Money Ali could not see why anyone would pay off their mortgage, given cheap borrowing, faster stock growth and inflation; he now sees he discounted the security and better sleep of owning the house outright. | The Book That Changed My Financial Life 🤑 00:13:57 |
| 2021-02-26 | Brandon Sanderson | Brandon Sanderson is paying off his house: strictly by the numbers it makes no sense, as the money could probably beat the interest rate invested, but as an artist he values the peace of mind of no house payment. | Brandon Sanderson on Writing, Storytelling and Fantasy Books 00:58:25 |