You’ve saved and invested aggressively. Your net worth now exceeds $1,000,000. And you even paid off your mortgage! What do you do with your money now that you’re a mortgage-free millionaire? Well, that’s a question I received from Shane and here it is: “I have always been motivated and goal-oriented. We became millionaires at 36 […]
Episode Category: Pay Off Your Mortgage Early
Paying off your mortgage early is an incredible feeling. You gain a sense of freedom that is indescribable.
Stop Investing to Pay Off the Mortgage Faster? (Why I Like Coast FIRE First)
For those who are working to become mortgage-free, you might ask yourself if it makes sense to stop investing to pay off the mortgage faster. This can be a difficult decision to make. That’s where our friend Kevin is today. Here’s his question: “I’m really close to paying off the mortgage. I believe I can […]
How We Paid Off Our Mortgage in 5 Years
During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”. This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon […]
Keep the Mortgage for the Mortgage Interest Tax Deduction?
Does it make sense to pay off your mortgage if you lose the mortgage interest tax deduction? This is a common question people struggle with who are considering paying off their mortgage. Will my paid-off home be worse for my tax situation? It’s no wonder this is a common question. Unless you’re a tax professional, taxes […]
15 Incredible Benefits of a Paid Off House
There are so many opinions on whether or not you should pay off your mortgage early. Some say that paying off your mortgage is a bad idea because you could make a lot more money in the stock market. With the bull market over the past decade, there’s a lot of truth to that. And others appreciate […]
Brennan Schlagbaum: Losing Motivation to Pay Off My Mortgage. What Do I Do?
Kevin has been working on paying off his mortgage for years but now he’s having second thoughts. Real estate investing sounds much more interesting to him now. Brennan Schlagbaum, the founder of Budgetdog, joins me to discuss how Kevin can find his motivation to earn his paid-off house (or use his money for rental properties). […]