The Fastest Way to FI: Pay Off Mortgage Early or Invest? скачать в хорошем качестве

The Fastest Way to FI: Pay Off Mortgage Early or Invest?

Ahh, the age-old question: pay off mortgage early or invest? It’s no wonder so many members of the financial independence community have strong feelings about one or the other. With a paid-off mortgage, you’re less in debt, with more free cash to invest or spend on things you love doing. But, there’s another side to that cash flow coin. If you’re paying off your mortgage early, you’ll have less money to invest, leaving you with less compound interest. If you’ve been asking for someone to answer this question for you, be sure to thank today’s guest, Javier. He’s been doing a phenomenal job paying down his mortgage as quickly as he can, especially at such a young age. Javier has a respectable net worth and works not only at his W2 but also as a real estate agent on the side. Javier is struggling to find where to best put his extra $1,300/month once he pays off his primary residence. And while this is a BiggerPockets Podcast episode, Scott and Mindy do not immediately vouch for real estate investing. Instead, they take a look at his overall risk tolerance, personal finance situation, and work backwards from his goals to find what he really wants out of early retirement, instead of just grasping for cash. ~~~~ Join the BiggerPockets Money Facebook Group:   / bpmoney   ~~~~ Episodes Mentioned in Today’s Show: Episode 200 with Kyle Mast: https://www.biggerpockets.com/blog/bi... When NOT to Invest in Real Estate: https://www.biggerpockets.com/blog/bi... ~~~~ Find a Great Real Estate Agent in Your Area: https://www.biggerpockets.com/agent/m... ~~~~ Are You an Aspiring Agent? Pick Up David Greene’s Book “Sold”: https://store.biggerpockets.com/produ... ~~~~ Ready to Pay Off Your Mortgage? Think Again: https://www.biggerpockets.com/blog/pa... ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: www.biggerpockets.com/guest Finance Friday: www.biggerpockets.com/financereview ~~~~ Follow Scott and Mindy on Instagram: @scott_trench or   / scott_trench   @mindyatbp or   / mindyatbp   Episode 272 Show notes at: https://www.biggerpockets.com/moneysh... 0:00 Intro 4:00 Income and Expenses 7:08 Assets and Liabilities 8:24 Developing a Strong Sense of Frugality 11:51 Financial Goals 16:14 Side Income as a Real Estate Agent 30:59 What to Do with Paid Off Mortgage Money 44:25 How Much to Save for Taxes? 49:59 Emergency Funds and Saving for College 59:32 Reviewing Javier's Bare-Bones FI Plan