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Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2024
@@maryannmoore3480 They took big risks and got rewarded for it. Most people could have profited off these meme coins, but most likely thought that they would be worthless.
Yes, they give you the option to decrease your monthly payment, because that is in their best interests. Many people probably fall for that one. The first time I went in to pay extra they asked me no explanation on how it works, I said pay it off the total mortgage. Saves interest every time you pay in. No issue now as we paid our mortgage off in just seven years. Living mortgage free is definitely the way to go.
Personally, there is nothing better than peace of mind. I had enough to pay off my mortgage in full in mid 2019 and so I decided to pay it off rather than invest it. It ended up being a good move since we had the massive sell off in March 2020. Once that happened I bumped up my 401k contribution at work to 15% and used about half of what my mortgage was to build an emergency savings and build a stock portfolio.
Had you refinanced your house in march of 2020 and stuck it into apple you would have tripled that money in 1 year. That is how the wealthy became wealthier in the pandemic. I view my house as a savings account pulling equity when I need the cash.
@@shawnaning101 I see your point and do agree that I could have made more investing. However, that is never a guarantee and there are more risks associated with that. The way I see it is that if there was a crazy emergency in my life I would need to come up with less money at the end of each month. I also purchased my home in 2014 for $259k and it was recently valued at $538k which isnt too bad. Additionally, not having a mortgage has allowed me to be more flexible. I was able to greatly boost both my retirement and investment accounts over the past 2+ years. I also brought my emergency savings to a good amount of half my annual salary. I have 4 kids man, so eliminating my debt made the most sense in order to mitigate any financial burdens in the near term.
Shawn, paying off the house was guaranteed savings. Saying they could have invested in something as if they knew the future at the time isn’t a fair comparison.
@@eliteusedtires8186 I can agree that paying off a house is a guarantee, but to believe the market won't rebound is absurd. It has always rebounded, there will always be trade.
@@deviildogg1 I understand wanting to be sure everything will be OK. I saw opportunity in March of 2020 just as I do now. I just recently pulled more equity out of my house to buy again.
We paid off our mortgage when my husband was diagnosed with pancreatic cancer. That was three years ago. Praise God that he is in remission and we never regretted paying off our house! Get debt free. It's a great feeling!
I'm 33 with a paid off 350k house. Love it!!! I have peace and I'm very happy. I could have "made more" investing somewhere else. But I'm ok with it. I can now invest more of my paycheck each month because I have no mortgage.
Very good . Now all you need to do is sell everything you own give it to the poor and follow Jesus Christ. Luke 14:33 So then, you cannot be my disciple (Christian) unless you give away everything you own. John 3:3 Jesus replied, “I tell you the truth, unless you are born again, you cannot see the Kingdom of God.” God Bless , bye.
@@misha-elministries5246 OK. You go first. I give plenty to charity every year. I do not need to put my family on the street for others. Nice try tho. God Bless, bye
I'm following the math approach. My mortgage is 2.75% and stock market earns 8-10% over long term. Given lower capital gains tax and mortgage interest deduction, the difference is significant and choice is clear - paying off cheap mortgage is waste of money. However, I completely understand that many want peace of mind in having fully paid off house. Especially if you are near retirement age and market investments become too risky.
I paid 50% of my mortgage off in the first 6 years. Because the rule of 78s on mortgages is front loaded with most of the interest, I’ve slowed down on paying off the loan and have been investing more.
37 yo single mother of 3...Paid off my home in 11 years.. At first was just happy with a normal 30 year mortgage since I was young enough 25....Bought house after divorce in 2009 with 5% interest...Saved 85% tax returns for 4 years & was blessed to buy 2 rental property cash with long term tenants...Took that and tripled my monthly mortgage and paid it off last year! I still work my 9-5 so I have 401k and IRA and company stock..also Acorn for myself and children....So now I pay my mortgage but to myself and collect rental income....This year we started to invest a little more for long term but we continue to live below our means and stay comfortable being at home and watching movies together...We have peace of mind ❤️
@@earthlynnone7383 Taxes went up slightly, for my main home and both rentals, but I always budget with an increase in mind, especially since I did some improvements and ungrades to my second rental. I'm in the south so no major increase...That's why I save how I save, I can't control it just prepare for it...It's just like Death and and Taxes 🤭
@@kevinlue4756 theory does not always turn into reality, specially if no using DCA method. If you invest a large amount at the beginning of a down turning market, it takes several years to recover.
Im making 65k year but i have an emergency fund and still building it at the end of the month, my parents paid my student loans and my car payment is only 9k remaining and i already have401k only, i dont like to buy a house right now especially the prices are so rediculous.
I could get better returns if I invest vs pay down mortgage. Yet, I have decided to pay off my mortgage because it is a defined goal that is fully in my control. As I see it melting down with every lump sum and double up payment, I am motivated to work more OT and grind. Once it's paid off I will shift focus to extra investment contributions.
My husband and I have been number crunching on whether or not we should keep our primary home and rental home we bought in 2019… OR if we should sell both, cash out the equity and pay cash for a new primary residence. The rental has a great positive cash flow that is mentally difficult to get rid of, but the peace of mind that comes with having no mortgage seems to be winning us over!
Do not sell your rental. It's positive cash flow month after month. Do you really need to sell your primary home? Does it fit your needs? If it fits your needs at this time, just keep it and rent that primary out later and try to save enough to buy another home.
When people opt to invest instead of paying the mortgage, the following thought experiment is helpful: consider the scenario where your house is already paid off. Would you then mortgage your house at 3% interest to take that money and invest? If so, then you fit the risk profile and good for you and keep making minimum payments. If not, then be consistent and pay off the mortgage early.
Thank you for putting the emotional part into this equation. Debt free is a major life goal for many people, and worth the maybe profit of investing in stocks. Always having an emergency fund is very important, but paying off your home will always benefit you. In the long term, house values rarely drop, and money in your house can pay off more over the long term.
My daughter and my son in law paid off their mortgage a few years ago. The benefit is so great for them. The property tax has increased in their subdivision so much in last 2 years. If they had mortgage and this high property tax plus all the other homeowners plus mud tax plus HOA. They could not afford to keep their house both 53 still have 3 boys at home in school. Whew......
About to buy my first house at 35. I have twice the amount it's worth in index funds/ stocks making 12% a year so far. I'm going to split the difference because I have some of that money in a money market making only 5% use that as a down payment. Keep the rest in stocks and finance the other half the homes value at 6%.
I just do both... 15% of my income in my roth 401k. $200 a month into my investment account. My mortgage with everything rolled in on a 15 year is $915 a month... I pay $1060. So I have a little over $140 a month extra going towards principal and slowly chipping months off my mortgage. I have no other debt. I will be 100% debt free by the time I'm 45... at the latest.. then I can start investing 30%+ of my income in investments and retirement till I'm 62. Lol even then I will probably work 10 hours or so a week. I'd get too bored doing nothing.
@@WeedmanSmokes805 There's a difference between actual long term investing and day trading. If you aren't planning on retiring anytime soon then taking advantage of this bear market is a no-brainer. Just take a look at how the S&P has rebounded after recessions.
Honestly I think for most people the answer is to pay off your house. If you're in the top 1% of investors, and you work for assets or you are a savvy trader in the markets, this question probably doesn't even apply to you. Just keep in mind though, that whatever money you put in towards the principal on the house is locked in and you can't get it back out (unless you take it out against the equity). If you already have some cash put aside that you're not touching, and you still manage to have extra after the bills, maybe make an extra payment? But I mean still, you're barely just making a dent. Instead of 30 years, you'll be paid off in 25... 22 if you REALLY sacrifice. Same concept for shorter loans. So is the house you currently live in the house you're going to stay in for 20, 30 years? If you are unsure about the future or planning on moving, there really isn't a point in making extra payments. You're just going to get the money back after you sell except the difference is, did you hold your liquid cash, or did you lock it into your house? One of the exceptions to this I'd say is if you... have enough cash right now to just pay the whole house off. Now then the question is, do you pay off the house or invest that money instead. Personally for me I'm not very bullish on trading. I prefer real estate, namely rental properties. Now that the freeloaders are paying rent again after the moratorium has been lifted, it might be a good time to become a landlord again. You can have the renters pay you for you to pay the bank on your house. Meanwhile both properties are (in a healthy market) gaining equity. The beauty about rentals is, even if the value tanks, you're still getting your rent $$$ All you gotta do is hang on until the housing market peaks again.
I'm a 27yr old guy in Chicago working in Tech! I THANK YOU Brian for giving this information out. Just landed a dream job and not sure what to do with the money until I found the channel
Everyone’s situation is unique. I’m 70 years old and my portfolio is heavily weighted in equities. My mortgage interest rate is 2.25%. I view paying that off early as equivalent to adding to the bond side of my portfolio. The 2.25% “yield” from paying down the mortgage is not only free of federal and state tax, it is also nearly risk free barring a total economic meltdown. If my investment horizon was more than 10 years or if I was underweighted in equities I might be more willing to accept additional risk.
I'd invest over paying off early. The dollar is losing value due to inflation every year. Better to invest with current more "valuable" dollars and more time (years) to compound than to use up your time and cash now just to pay off an asset that wont appreciate until its sold (house). Plus investing early can build up a cushion to make house payments if you lose a job or cant work. A combination could be useful too. Maybe add a 13th annual mortgage payment that goes exclusively to the principal only, while still investing every year. You can always get money back but you cant get time back.
Another point to think of is if you put extra money on your mortgage you can't use it later (unless you make the silly choice of a second mortgage). But if you invest it, then tough times come later you can pull that money out
In my personal opinion, it's always better to pay off your house and land. Then, if you decide to invest, and lose everything you put in, your house is still yours. My grandfather always said, "you can't build a life without a solid foundation" that's why I paid mine off 6 years ago
@@TheQuickyouknow I'm just saying that if it came down to that, you at least wouldn't have to worry about a mortgage payment. But, once again, my opinion
@@jamesmcleod6918 That's an irrational fear. Let's just say the S&P dropped to 0, which we've never seen since the index started in the 1920s despite many wars and even a world war that ended in a nuke being dropped. This would mean the collaspe of the US and probably the global economy and infrastructure beyond repair. Chances are the bank that owns the mortgage went out of business so even if someone still had a mortgage on their house there is no one to enforce payments of the loan. So whether you paid off your home or not you'll have much bigger problems then creditors or the stock market. Tbh, it would require global nuclear war or an alien invasion to get to this point. The markets have survived and grown over long periods of time after any other major global crisis.
@@jamesmcleod6918 LMAO, I wasn't trying to convince you to invest. Just pointing out to future YT viewers that this fear you're spreading is completely irrational. Not even the king of dept fear himself Dave Ramsey would tell anyone to not invest to pay off their house.
Exactly. Much less stress, and you have way more freedom in future years. You don't need to stick to that high paying but soul sucking job, etc. No debt allows you way more choice.
The answer is do both. Invest first, then once you have enough to pay off your mortgage, pay off your mortgage. Being mortgage free and being able to survive working at Home Depot is more valuable than anything
I am so glad I found this video today. I have saved enough to pay off my mortgage but, with the stock market down, I was thinking about investing in stocks instead. After watching your video, I will pay off my mortgage which will make me 100% debt free. Then, I can invest the old mortgage payment amount each month. (dollar cost average) Thanks!! 👍 New Sub here!
Sad to hear that 64% of American s are living paycheck to paycheck . Came here in 1979, joined the military and bought a house here in California. Paid it off in 19 years. Retired at age 56, from military and post office. Life is good when you planned your future.
in canada, we don't have the luxury of locking in rates for 30 years, so now that interest rates are so high, i have opted to put extra money towards the mortgage instead of investing it.
General rules of thumb with investing: you will, on average, make 7% profit per year. You will double your money every 7 years as well. Also, the gains are logarithmic as you earn some money then you earn money on that earned money investing. Also, I wanted to dump 50k into Amazon, Delta, and FedEx in March 2020. Wife said no, would have made 100k.
Paid off my 6.25% mortgage (22 yrs) early in 2015, while mathematically I could've "made more" by investing in the market and not made higher principal payments.... I now have a higher level of disposable income and a lower monthly expense, zero debts is nice when the market crashes and all disposable income goes into the dips of the dips If I had a mortgage under 3% I wouldn't pay it off early though. I actually regret not buying a second home when interest rates hit 2.5% in 2020.
Great video and thank you so much. My interest rate is 6.35. it's a no-brainer, im paying off my mortgage with my savings account earning less than 1%.
Depends on the rate. I was pre-paying my mortgage but refinanced it down to 2.6%. No longer makes sense to pre-pay. Especially not with inflation so high now.
That really depends. Market is down 20% from it's highs. I'd rather make 2.6%, then lose 20%. But eventually the market will go higher. So it becomes a peace of mind vs gambling to make more. I still think paying off your home quicker is better. When I made more money in the stock market, I tended to spend more. I don't need stocks. But I do need a home.
This is like is a glass half full, or half empty. If I myself had that kind of money or cash flow, I would pay it off and have it out of the way. Pay it off!
I have never seen a more informative answer to this question!! Dave Ramsey needs to get off his high horse and watch this. So many factors go into this question. Outstanding answer Brian. Personally, I do both. I’m trying to cover all bases.
Check your mortgage amortization table and see how much interest you pay over 30 years. You should pay off your mortgage as soon as possible. Just pay twice per month, if allowed, and add $100 bucks to each payment and you shall be very happy. In addition, you must continue to fund your 401k or 403b or IRAs to the fullest extent allowed by the IRS.
I totally agree with you. I am going to start putting my hard earned money towards my own house instead of putting in stocks and hoping they will go up.
I’ve been debating whether I should focus on paying off my mortgage or investing the extra money. With interest rates rising, it feels like paying off the mortgage might be a safer bet, but I don’t want to miss out on growing my portfolio either.
I was in the same situation a few years ago. One big mistake I made was ignoring my investment opportunities for years while focusing entirely on paying off debt. The problem was, I lost valuable time that could have compounded my money. Balancing both might be a better strategy.
I was feeling overwhelmed by all these factors too, so I reached out to Joseph Nick Cahill, a CFA who specializes in this kind of decision-making. He helped me figure out how to improve my portfolio while still managing my mortgage. The best part? He offers free consultations, which made the decision to get advice much easier.
Good video, but I think you are missing two important factors: Towards the beginning of the mortgage, most of your payments go towards interest - not equity. So if you are already 10 years into your mortgage, you may not save that much interest by paying off early. And secondly, I think compounding works differently for the two options. But I'm still figuring this out myself, so don't take my word for it.
Purchased a little 840 sq ft, 100K condo with 65% down in early 2020 just before pandemic closed Tampa. My unit today is selling at more than 200k. I have four payments left on my 15-year mortgage because I decided to pay it off in a little over 2 years. No regrets at all with the financial decision I made. And when I go to sell it I'm not beholding to a mortgage company to have input in my decisions.
I paid my mortgage last Oct. Paid off my car note and other debts with my stock market gains. I bought some HNT miners to bring in some income. It's wonderful being debt free.
Excellent, thank God I am completely debt free but, I have kids I sent this talk too and they are ibn their twenties and have never heard this info. Thanks, and best to you
There is another factor to take into account. Say you pay off your mortgage in 3 years and then take the majority of the money you were paying on your mortgage to invest. You would do *so* much better than investing before paying off the mortgage.
Funny you say that. I did exactly that. Paid off my mortgage in just under 3 years and then started investing all the money saved by being mortgage free.
If the monthly cost is not a burden..... AND...if you FEAR very high inflation...... WHAT's WRONG with paying off a FIXED mortgage with severely devalued dollars in the future?....seems like a silly question.
Thank you much. I have been researching this question for sometime and not a satisfactory feedback as I needed to have. Your explanations were to the point and easy to understand.
I prefer to avoid the mortgage interest that has to be paid w ur principle. Claiming that on my taxes i got barely any of it back. It was wasting money .
Pay off the mortgage first because the bank compounds all 30 years of interest up front and charges it all at you. The only way its even to invest in stocks is after 30 years of compounding. Youre better off paying down the house almost at any interest rate over 2%. The argument of beating the houses interest rate doesnt account for the fact that you need to be invested over 30 years or the term of your mortgage to beat the interest on the house....your stocks dont compound immediately for 30 years but your mortgage does on day 1 thats how banks make their money.
When I saw the title I immediately thought it was a question someone would call in to ask Dave Ramsey lol. But Brian is a smart man he would be able to help answer it.
in australia interst rate morgage is 6.6%, if you invest your own money pay tax in any profit you get. but if you invest bank money pay tax of your profit is ok because is not your own money,
@@G.george.glass24 my spouse and I lived in a house while we were flipping it and sold it during a bidding war on the house. With the proceeds from the sale, we purchased a foreclosure and flipped that and decided to stay, no mortgage.
Im making 65k year but i have an emergency fund and still building it at the end of the month, my parents paid my student loans and my car payment is only 9k remaining and already investing to my 401k, i dont like to buy a house right now especially the prices are so rediculous.
So wish he wouid do more videos like this instead of Biden cancelling debt and all that type of news. This guy is so smart and he shines in videos like this
This is always confusing to me because unless my investment capital is the same as my home loan then the comparison is more on the same level, but usually the home loan has a way bigger balance, so the interest compounded is way more, isn’t it? So wouldn’t it be better to pay down the high balance?
Comes down to where u are in mortgage. Amortization vs simple interest can decide if you’re wasting time. Build up equity, then use heloc as emergency and cash flow
I'm sitting at 2.75% on the mortgage and I do have the same amount of the mortgage into investments. These are pushing me 10% and tend to be PML. I have the risk profile to handle it and if things change, I can liquidate these investments and then pay off the mortgage. Right now I'm earning about 6% in difference after taxes and the mortgage rate.
Yeah see, that's the time when it actually makes sense. You are making more money with your money. The interest rate is so low, you must have gotten it right at the right time.
I know someone who pulled the funds out of their pre-tax retirement account. The large amount put him into the highest tax bracket and cost him with state tax roughly 40%. Do not do this as you won't even save that much in interest. I'm at 2 3/8th but am paying more when extra cash is available as my stock picks have not been that great, epically over the last couple of years.
I really enjoy these examples, over the past year I've looked over my debts, spending and comparing on how things end up with different decides. I've came to same conclusions for some of these but I'm still learning other little things.
Managing money is simple. Put any extra toward the highest interest rate. Period! Regardless of if it's investment or dept ALWAYS put extra money toward the higher interest rate. Another point, the only way to get the money back if put it to your mortgage is to sell the house. With it invested elsewhere it's much more accessible.
This video set me straight from all the other advice...your videos are easily understood...and your time is invaluable to us seeking good sound advice! Thanks guy, keep up the much needed advice you generously give!
End of the story if you bought ur home at low market prices and low rates don’t pay it off , invest money someplace else . But if you bought at bubble price then paying it off will save u a lot of money over the loan life time. As example someone bought a house for 320k with 4% rate in 30 years the actual cost of the house is more then 500k .
Good Info!! Good to pay down debt 1st as much as you can then invest where feasible to do...And I agree keep emerg fund cus nothing is promised no matter what you do with your money even the money itself !!😇😊
The problem that I see with investing in stocks is that you will never see that money. Whatever money you receive from it, you're going to want to put it back into buying more stocks. I'd rather not owe money than to make money I can't even use.
Your information provided is beyond gold standard...it's so simply understood and satisfyingly beneficial....you could not have delivered info better....thanks a lot Brian!
I've been putting more towards my home principal recently as here in Canada we have to renew every 5 or less years and my interest went from 3% to 4.5% and the amount that went towards interest was huge last year and that's 50% more in interest
Fighting 8.3% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks.
I’m struggling with this decision right now, I’m considering paying off my mortgage over the next 5 years. I am contributing 6% to my 401k with a 7% match and maxing out my Roth IRA at $6,500 / year. I could invest more but eliminating my mortgage at 38 is tempting.
For how long have you ben paying your mortgage? if it's for over 10 years DO NOT PAY OFF, you have already paid 65% of interests, you are saving only 35% of interest by paying off and you can use that money during the next 20 years and make substantially more, maybe double of that 35% of savings.
I would pay off the mortgage because it is less risky plus you dont have to pay capital gains tax. Plus you could take $100 and easily turn it into $75.
Makes more sense the higher the mortgage rate is. We paid off rentals with higher rates first, but lost the 'tax advantages '. 90%+ of people can't deduct home mortgage interest.
PAY IT OFF ASAP. paid ours off in 10 years flat 6 years ago. we have lived like royalty since that day. get rid of ANY loans ASAP. all the time you owe money that person has you under their control
My mortgage company does offer the bi-weekly option but they also say they won't apply it till they have a full payment. May as well stay with the monthly payment.
Most people never itemize their interest on their taxes. At the same time, those capital gains on the investments will probably be taxed at 15% plus state taxes.
Brian, I don't know how the math shakes out, but wouldn't you save more than 3% depending on when you put that toward your mortgage since the interest is front loaded on mortgages and not spread evenly over the life of the loan? Thanks, I truly appreciate your content.
Thank you for your wonderful videos. I always watch your videos, and I shared your video links with four friends of mine, I love how open minded you are about investing, I read an article of investors that made upto $500,000 within 3months from options, so please I'd really love more tips and clues on how to outperform the market and make such profit using options
Use a risk management strategy when trading with hard stop losses and clear targets of when to take your profits. Or just buy ETFs every month for long term, similar to saving but it’s rather boring
That's right, option isn't for rookies but that doesn't mean they have to stay off options, I started as a rookie and in my first 5 months, I made a profit of about $580,000 with no funny strategies, I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go
On occasion you can beat the market with blind luck, but I wouldn’t depend on it. Having a science background there is a saying, ‘Luck favors the informed’, I’ve found it to be true, allowed me in great part to retire early
@@spangsii My consultant is Michelle Francis Elo I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so
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Every family has that one person who will break the family financial struggle I hope you become the one 😊
Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2024
@@maryannmoore3480 They took big risks and got rewarded for it. Most people could have profited off these meme coins, but most likely thought that they would be worthless.
@@maryannmoore3480that's why you should join them meme coins. Make millions in short time
When making additional mortgage payment, be sure the whole amount is applied toward the principle.
Yes, they give you the option to decrease your monthly payment, because that is in their best interests. Many people probably fall for that one. The first time I went in to pay extra they asked me no explanation on how it works, I said pay it off the total mortgage. Saves interest every time you pay in. No issue now as we paid our mortgage off in just seven years. Living mortgage free is definitely the way to go.
Personally, there is nothing better than peace of mind. I had enough to pay off my mortgage in full in mid 2019 and so I decided to pay it off rather than invest it. It ended up being a good move since we had the massive sell off in March 2020. Once that happened I bumped up my 401k contribution at work to 15% and used about half of what my mortgage was to build an emergency savings and build a stock portfolio.
Had you refinanced your house in march of 2020 and stuck it into apple you would have tripled that money in 1 year. That is how the wealthy became wealthier in the pandemic. I view my house as a savings account pulling equity when I need the cash.
@@shawnaning101 I see your point and do agree that I could have made more investing. However, that is never a guarantee and there are more risks associated with that.
The way I see it is that if there was a crazy emergency in my life I would need to come up with less money at the end of each month. I also purchased my home in 2014 for $259k and it was recently valued at $538k which isnt too bad. Additionally, not having a mortgage has allowed me to be more flexible. I was able to greatly boost both my retirement and investment accounts over the past 2+ years. I also brought my emergency savings to a good amount of half my annual salary.
I have 4 kids man, so eliminating my debt made the most sense in order to mitigate any financial burdens in the near term.
Shawn, paying off the house was guaranteed savings. Saying they could have invested in something as if they knew the future at the time isn’t a fair comparison.
@@eliteusedtires8186 I can agree that paying off a house is a guarantee, but to believe the market won't rebound is absurd. It has always rebounded, there will always be trade.
@@deviildogg1 I understand wanting to be sure everything will be OK. I saw opportunity in March of 2020 just as I do now. I just recently pulled more equity out of my house to buy again.
We paid off our mortgage when my husband was diagnosed with pancreatic cancer. That was three years ago. Praise God that he is in remission and we never regretted paying off our house! Get debt free. It's a great feeling!
Praise God indeed, good news!
He survived pancreatic cancer? Damn that is one lucky man. God bless you both
praise the healthcare system and doctors, but yes
God is King!
@@synergygaming604Shutup
You provide much needed information in clear manner. Simply excellent. Thank you.
Thank you for that super thanks jttasb, that is so generous of you! I appreciate the support so much!
I'm 33 with a paid off 350k house. Love it!!! I have peace and I'm very happy. I could have "made more" investing somewhere else. But I'm ok with it. I can now invest more of my paycheck each month because I have no mortgage.
I'm so happy to hear that, congrats Bryce! Keep up the awesome work!
Very good . Now all you need to do is sell everything you own give it to the poor and follow Jesus Christ. Luke 14:33 So then, you cannot be my disciple (Christian) unless you give away everything you own. John 3:3 Jesus replied, “I tell you the truth, unless you are born again, you cannot see the Kingdom of God.” God Bless , bye.
@@misha-elministries5246 OK. You go first. I give plenty to charity every year. I do not need to put my family on the street for others. Nice try tho. God Bless, bye
@@misha-elministries5246 isn’t it better to teach the poor to fish than to give them fish?
At 33 bravo 👏
I'm following the math approach. My mortgage is 2.75% and stock market earns 8-10% over long term. Given lower capital gains tax and mortgage interest deduction, the difference is significant and choice is clear - paying off cheap mortgage is waste of money. However, I completely understand that many want peace of mind in having fully paid off house. Especially if you are near retirement age and market investments become too risky.
How about if it keeps on crashing and you loose money even after decades and decades 😂
Capital gain tax is not low, right?
@@Smart802This scenario is possible if you don't diversify correctly. However, it is very unlikely to happen over decade(s).
you can get 5-6% CD's now risk-free. Crushing your 2.75% mortgage.
@@dtkodak123girth
I paid 50% of my mortgage off in the first 6 years. Because the rule of 78s on mortgages is front loaded with most of the interest, I’ve slowed down on paying off the loan and have been investing more.
Agree
37 yo single mother of 3...Paid off my home in 11 years.. At first was just happy with a normal 30 year mortgage since I was young enough 25....Bought house after divorce in 2009 with 5% interest...Saved 85% tax returns for 4 years & was blessed to buy 2 rental property cash with long term tenants...Took that and tripled my monthly mortgage and paid it off last year! I still work my 9-5 so I have 401k and IRA and company stock..also Acorn for myself and children....So now I pay my mortgage but to myself and collect rental income....This year we started to invest a little more for long term but we continue to live below our means and stay comfortable being at home and watching movies together...We have peace of mind ❤️
Wow, that's amazing. I'm so happy for you. Your children will be blessed to have such a frugal and hard working parent!
What about PROPERTY TAXES going up???
Wow, great job!
You are smart with money and security. Great job!
@@earthlynnone7383 Taxes went up slightly, for my main home and both rentals, but I always budget with an increase in mind, especially since I did some improvements and ungrades to my second rental. I'm in the south so no major increase...That's why I save how I save, I can't control it just prepare for it...It's just like Death and and Taxes 🤭
My mortgages is 2.1% rate. 15 years, I can payoff, but I think I will just keep the cash for the opportunity coming up.
Fantastic rate! Good for you!!
With a rate that low I would just keep & wait till it’s paid off
Lucky bastard!
We refinanced last year at 2.5% and 15 year term. Only 14 years left! We bought the house in 2016 so essentially took 10 years off the term.
We were at 4.125% before refinancing.
Nice Mollie Gee, that is also an awesome interest rate!
@@kevinlue4756 theory does not always turn into reality, specially if no using DCA method. If you invest a large amount at the beginning of a down turning market, it takes several years to recover.
Who was your mortgage lender?
Please let me know what you think is the right way to go, I would love to hear your thoughts!
Invest in mortgage as young as possible.
Nice to get a Sunday video :)!
do you think putting emergency fund in an I-bond is safe? (of course you can only take it out after a year or five years. I'm thinking long-term)
Im making 65k year but i have an emergency fund and still building it at the end of the month, my parents paid my student loans and my car payment is only 9k remaining and i already have401k only, i dont like to buy a house right now especially the prices are so rediculous.
Love your channel and love to pass your information to my clients that I lend with
I could get better returns if I invest vs pay down mortgage. Yet, I have decided to pay off my mortgage because it is a defined goal that is fully in my control. As I see it melting down with every lump sum and double up payment, I am motivated to work more OT and grind. Once it's paid off I will shift focus to extra investment contributions.
@@johnb1567with 7% mortgage rates yes it is
My husband and I have been number crunching on whether or not we should keep our primary home and rental home we bought in 2019… OR if we should sell both, cash out the equity and pay cash for a new primary residence. The rental has a great positive cash flow that is mentally difficult to get rid of, but the peace of mind that comes with having no mortgage seems to be winning us over!
Do not sell your rental. It's positive cash flow month after month. Do you really need to sell your primary home? Does it fit your needs? If it fits your needs at this time, just keep it and rent that primary out later and try to save enough to buy another home.
@@Pola509lots of dead beat renters idk about this
Totally agree with the tip to keep if possible. Think about the cash flow income from the rental when you actually retire.
When people opt to invest instead of paying the mortgage, the following thought experiment is helpful: consider the scenario where your house is already paid off. Would you then mortgage your house at 3% interest to take that money and invest?
If so, then you fit the risk profile and good for you and keep making minimum payments. If not, then be consistent and pay off the mortgage early.
Thank you for putting the emotional part into this equation. Debt free is a major life goal for many people, and worth the maybe profit of investing in stocks. Always having an emergency fund is very important, but paying off your home will always benefit you. In the long term, house values rarely drop, and money in your house can pay off more over the long term.
So 👍 right
My daughter and my son in law paid off their mortgage a few years ago. The benefit is so great for them. The property tax has increased in their subdivision so much in last 2 years. If they had mortgage and this high property tax plus all the other homeowners plus mud tax plus HOA. They could not afford to keep their house both 53 still have 3 boys at home in school. Whew......
About to buy my first house at 35. I have twice the amount it's worth in index funds/ stocks making 12% a year so far. I'm going to split the difference because I have some of that money in a money market making only 5% use that as a down payment. Keep the rest in stocks and finance the other half the homes value at 6%.
The other consideration is prepayment is towards principal while in the first 10 years most mortgage payments are paying the interest.
I just do both... 15% of my income in my roth 401k. $200 a month into my investment account. My mortgage with everything rolled in on a 15 year is $915 a month... I pay $1060. So I have a little over $140 a month extra going towards principal and slowly chipping months off my mortgage. I have no other debt. I will be 100% debt free by the time I'm 45... at the latest.. then I can start investing 30%+ of my income in investments and retirement till I'm 62. Lol even then I will probably work 10 hours or so a week. I'd get too bored doing nothing.
I do the same.
I lost 40K investing, should’ve put it towards my mortgage, investing isn’t guaranteed.
Hmm it depends on what you investing in.
How did you lose 40k? Were you day trading?
@@baseball741 if this person has over 200k invested it wouldn’t seem that crazy honestly
@@WeedmanSmokes805 There's a difference between actual long term investing and day trading. If you aren't planning on retiring anytime soon then taking advantage of this bear market is a no-brainer. Just take a look at how the S&P has rebounded after recessions.
@@baseball741 of course
Honestly I think for most people the answer is to pay off your house.
If you're in the top 1% of investors, and you work for assets or you are a savvy trader in the markets, this question probably doesn't even apply to you.
Just keep in mind though, that whatever money you put in towards the principal on the house is locked in and you can't get it back out (unless you take it out against the equity).
If you already have some cash put aside that you're not touching, and you still manage to have extra after the bills, maybe make an extra payment? But I mean still, you're barely just making a dent. Instead of 30 years, you'll be paid off in 25... 22 if you REALLY sacrifice.
Same concept for shorter loans.
So is the house you currently live in the house you're going to stay in for 20, 30 years?
If you are unsure about the future or planning on moving, there really isn't a point in making extra payments. You're just going to get the money back after you sell except the difference is, did you hold your liquid cash, or did you lock it into your house?
One of the exceptions to this I'd say is if you... have enough cash right now to just pay the whole house off. Now then the question is, do you pay off the house or invest that money instead. Personally for me I'm not very bullish on trading. I prefer real estate, namely rental properties. Now that the freeloaders are paying rent again after the moratorium has been lifted, it might be a good time to become a landlord again. You can have the renters pay you for you to pay the bank on your house. Meanwhile both properties are (in a healthy market) gaining equity.
The beauty about rentals is, even if the value tanks, you're still getting your rent $$$
All you gotta do is hang on until the housing market peaks again.
I'm a 27yr old guy in Chicago working in Tech! I THANK YOU Brian for giving this information out. Just landed a dream job and not sure what to do with the money until I found the channel
Congrats on the dream job Marcel! That's awesome to hear and I'm so happy for you!
Yolo into DOGE
Cheers
That is the BEST and SMARTEST answer I have ever heard on PAYING OFF MORTGAGE VS INVESTING.
Everyone’s situation is unique. I’m 70 years old and my portfolio is heavily weighted in equities. My mortgage interest rate is 2.25%. I view paying that off early as equivalent to adding to the bond side of my portfolio. The 2.25% “yield” from paying down the mortgage is not only free of federal and state tax, it is also nearly risk free barring a total economic meltdown. If my investment horizon was more than 10 years or if I was underweighted in equities I might be more willing to accept additional risk.
I'd invest over paying off early. The dollar is losing value due to inflation every year. Better to invest with current more "valuable" dollars and more time (years) to compound than to use up your time and cash now just to pay off an asset that wont appreciate until its sold (house). Plus investing early can build up a cushion to make house payments if you lose a job or cant work. A combination could be useful too. Maybe add a 13th annual mortgage payment that goes exclusively to the principal only, while still investing every year. You can always get money back but you cant get time back.
Another point to think of is if you put extra money on your mortgage you can't use it later (unless you make the silly choice of a second mortgage). But if you invest it, then tough times come later you can pull that money out
You can get a HELOC and you don't have to use it until you need it
@@krillansavillanand pay huge interest instead of making interest. SGOV pays 5.2
True, but also in many states creditors can't touch any money in your homestead where they can take your investments.
@@paulconner4614bingo
In my personal opinion, it's always better to pay off your house and land. Then, if you decide to invest, and lose everything you put in, your house is still yours. My grandfather always said, "you can't build a life without a solid foundation" that's why I paid mine off 6 years ago
Losing everything is a very unlikely if you invest in broad indexes.
@@TheQuickyouknow I'm just saying that if it came down to that, you at least wouldn't have to worry about a mortgage payment. But, once again, my opinion
@@jamesmcleod6918 That's an irrational fear. Let's just say the S&P dropped to 0, which we've never seen since the index started in the 1920s despite many wars and even a world war that ended in a nuke being dropped. This would mean the collaspe of the US and probably the global economy and infrastructure beyond repair. Chances are the bank that owns the mortgage went out of business so even if someone still had a mortgage on their house there is no one to enforce payments of the loan. So whether you paid off your home or not you'll have much bigger problems then creditors or the stock market.
Tbh, it would require global nuclear war or an alien invasion to get to this point. The markets have survived and grown over long periods of time after any other major global crisis.
@@TheQuickyouknow ok. Invest till your heart's content. Me personally? Not going to happen.
@@jamesmcleod6918 LMAO, I wasn't trying to convince you to invest. Just pointing out to future YT viewers that this fear you're spreading is completely irrational. Not even the king of dept fear himself Dave Ramsey would tell anyone to not invest to pay off their house.
A paid off house gives you so much freedom and breathing room.
And you won't have to worry if you lose your job. You can work at McDonald's and still make it thru.
Exactly. Much less stress, and you have way more freedom in future years. You don't need to stick to that high paying but soul sucking job, etc. No debt allows you way more choice.
The answer is do both. Invest first, then once you have enough to pay off your mortgage, pay off your mortgage. Being mortgage free and being able to survive working at Home Depot is more valuable than anything
I am so glad I found this video today. I have saved enough to pay off my mortgage but, with the stock market down, I was thinking about investing in stocks instead. After watching your video, I will pay off my mortgage which will make me 100% debt free. Then, I can invest the old mortgage payment amount each month. (dollar cost average) Thanks!! 👍 New Sub here!
Good choice. You will lose money in the stock market. DCA
Just because stocks are down doesn't mean they can't go much much lower
I hope everyone appreciates this straightforward and sound advice. Excellent!
Sad to hear that 64% of American s are living paycheck to paycheck . Came here in 1979, joined the military and bought a house here in California. Paid it off in 19 years. Retired at age 56, from military and post office. Life is good when you planned your future.
Life is good when you look around and learn. I would said there's my two cents but I save every single penny. 🤪
Life sadly doesn't always go as planned. But congrats on your retirement 😊
Finally, someone that has a brain.
nothing sad about it. Most americans are stupid beyond belief.
in canada, we don't have the luxury of locking in rates for 30 years, so now that interest rates are so high, i have opted to put extra money towards the mortgage instead of investing it.
General rules of thumb with investing: you will, on average, make 7% profit per year. You will double your money every 7 years as well. Also, the gains are logarithmic as you earn some money then you earn money on that earned money investing. Also, I wanted to dump 50k into Amazon, Delta, and FedEx in March 2020. Wife said no, would have made 100k.
Paid off my 6.25% mortgage (22 yrs) early in 2015, while mathematically I could've "made more" by investing in the market and not made higher principal payments.... I now have a higher level of disposable income and a lower monthly expense, zero debts is nice when the market crashes and all disposable income goes into the dips of the dips
If I had a mortgage under 3% I wouldn't pay it off early though. I actually regret not buying a second home when interest rates hit 2.5% in 2020.
Great video and thank you so much. My interest rate is 6.35. it's a no-brainer, im paying off my mortgage with my savings account earning less than 1%.
Depends on the rate. I was pre-paying my mortgage but refinanced it down to 2.6%. No longer makes sense to pre-pay. Especially not with inflation so high now.
@@gospodintokarev exactly. I think he didn’t think the comment thru enough before he said that
My rate is 2.875. I will pay my home off early
That really depends. Market is down 20% from it's highs. I'd rather make 2.6%, then lose 20%. But eventually the market will go higher. So it becomes a peace of mind vs gambling to make more. I still think paying off your home quicker is better. When I made more money in the stock market, I tended to spend more. I don't need stocks. But I do need a home.
This guy is just Awesome!
Trust worthy
Simple
And tells you things that matter!
Thank you for that generous comment and all the support Richard, I appreciate it very much!
Fact check him sometime with some real data.
@@willymaykit1482 I do ots called honesty and integrity. Which is more then you get from news anywhere.
This is like is a glass half full, or half empty. If I myself had that kind of money or cash flow, I would pay it off and have it out of the way. Pay it off!
I have never seen a more informative answer to this question!! Dave Ramsey needs to get off his high horse and watch this. So many factors go into this question. Outstanding answer Brian. Personally, I do both. I’m trying to cover all bases.
Check your mortgage amortization table and see how much interest you pay over 30 years. You should pay off your mortgage as soon as possible. Just pay twice per month, if allowed, and add $100 bucks to each payment and you shall be very happy. In addition, you must continue to fund your 401k or 403b or IRAs to the fullest extent allowed by the IRS.
I totally agree with you. I am going to start putting my hard earned money towards my own house instead of putting in stocks and hoping they will go up.
Great idea
I’ve been debating whether I should focus on paying off my mortgage or investing the extra money. With interest rates rising, it feels like paying off the mortgage might be a safer bet, but I don’t want to miss out on growing my portfolio either.
I was in the same situation a few years ago. One big mistake I made was ignoring my investment opportunities for years while focusing entirely on paying off debt. The problem was, I lost valuable time that could have compounded my money. Balancing both might be a better strategy.
I was feeling overwhelmed by all these factors too, so I reached out to Joseph Nick Cahill, a CFA who specializes in this kind of decision-making. He helped me figure out how to improve my portfolio while still managing my mortgage. The best part? He offers free consultations, which made the decision to get advice much easier.
Good video, but I think you are missing two important factors: Towards the beginning of the mortgage, most of your payments go towards interest - not equity. So if you are already 10 years into your mortgage, you may not save that much interest by paying off early. And secondly, I think compounding works differently for the two options. But I'm still figuring this out myself, so don't take my word for it.
Purchased a little 840 sq ft, 100K condo with 65% down in early 2020 just before pandemic closed Tampa. My unit today is selling at more than 200k. I have four payments left on my 15-year mortgage because I decided to pay it off in a little over 2 years. No regrets at all with the financial decision I made. And when I go to sell it I'm not beholding to a mortgage company to have input in my decisions.
I paid my mortgage last Oct. Paid off my car note and other debts with my stock market gains. I bought some HNT miners to bring in some income. It's wonderful being debt free.
Excellent, thank God I am completely debt free but, I have kids I sent this talk too and they are ibn their twenties and have never heard this info. Thanks, and best to you
There is another factor to take into account. Say you pay off your mortgage in 3 years and then take the majority of the money you were paying on your mortgage to invest. You would do *so* much better than investing before paying off the mortgage.
Funny you say that. I did exactly that. Paid off my mortgage in just under 3 years and then started investing all the money saved by being mortgage free.
Thank you! This question always used to bother me. You explained it so well.
If the monthly cost is not a burden..... AND...if you FEAR very high inflation...... WHAT's WRONG with paying off a FIXED mortgage with severely devalued dollars in the future?....seems like a silly question.
Thank you much. I have been researching this question for sometime and not a satisfactory feedback as I needed to have. Your explanations were to the point and easy to understand.
I prefer to avoid the mortgage interest that has to be paid w ur principle. Claiming that on my taxes i got barely any of it back. It was wasting money .
Pay off the mortgage first because the bank compounds all 30 years of interest up front and charges it all at you. The only way its even to invest in stocks is after 30 years of compounding. Youre better off paying down the house almost at any interest rate over 2%. The argument of beating the houses interest rate doesnt account for the fact that you need to be invested over 30 years or the term of your mortgage to beat the interest on the house....your stocks dont compound immediately for 30 years but your mortgage does on day 1 thats how banks make their money.
When I saw the title I immediately thought it was a question someone would call in to ask Dave Ramsey lol. But Brian is a smart man he would be able to help answer it.
Far smarter than Dave Ramsey I'd say.
Dave Ramsey would not have given the other options in the way Brian has.
I had my house built custom for me, paid cash, never a mortgage, life is good.
That is awesome Gazza Reece! We are very happy for you!
That's the dream!
I want to be just like you when I grow up.
Great advices,totally agree with you. I’m doing both setting aside to invest and put some money toward mortgage as well.
Tema mortgage all the way…but depends how much u owe and the COL of the area to
in australia interst rate morgage is 6.6%, if you invest your own money pay tax in any profit you get. but if you invest bank money pay tax of your profit is ok because is not your own money,
pay off the mortgage. I've been mortgage free for 5 years now
This is where I want to be!
Congratulations Forex Trader! Thank you for sharing that great news!
@@G.george.glass24 my spouse and I lived in a house while we were flipping it and sold it during a bidding war on the house. With the proceeds from the sale, we purchased a foreclosure and flipped that and decided to stay, no mortgage.
Im making 65k year but i have an emergency fund and still building it at the end of the month, my parents paid my student loans and my car payment is only 9k remaining and already investing to my 401k, i dont like to buy a house right now especially the prices are so rediculous.
So wish he wouid do more videos like this instead of Biden cancelling debt and all that type of news. This guy is so smart and he shines in videos like this
Factor in taxes and also an extra return for the risk, while on the other hand that may be offset by the convenience of liquidity
This is always confusing to me because unless my investment capital is the same as my home loan then the comparison is more on the same level, but usually the home loan has a way bigger balance, so the interest compounded is way more, isn’t it? So wouldn’t it be better to pay down the high balance?
Comes down to where u are in mortgage. Amortization vs simple interest can decide if you’re wasting time. Build up equity, then use heloc as emergency and cash flow
Best video l watched on this subject, so far…practical, factual and easy to follow. Thanks
I'm sitting at 2.75% on the mortgage and I do have the same amount of the mortgage into investments. These are pushing me 10% and tend to be PML. I have the risk profile to handle it and if things change, I can liquidate these investments and then pay off the mortgage. Right now I'm earning about 6% in difference after taxes and the mortgage rate.
Yeah see, that's the time when it actually makes sense. You are making more money with your money. The interest rate is so low, you must have gotten it right at the right time.
@@Memoreism Yes, I waited to when the rates were as low as I could find and then refinanced the mortgage.
Invest AND make extra payments toward principal. Once mortgage is paid off, invest that money plus more, and you'll be just fine.
I like this guy. Gives some great advice with some clarity.
I know someone who pulled the funds out of their pre-tax retirement account. The large amount put him into the highest tax bracket and cost him with state tax roughly 40%. Do not do this as you won't even save that much in interest. I'm at 2 3/8th but am paying more when extra cash is available as my stock picks have not been that great, epically over the last couple of years.
I really enjoy these examples, over the past year I've looked over my debts, spending and comparing on how things end up with different decides. I've came to same conclusions for some of these but I'm still learning other little things.
Happy Sunday, Brian! Nice to see you on the weekend!! 🤘🦌
Happy Sunday Scottie! It's nice to see you too on the weekend and I hope you have a very nice week!
Managing money is simple. Put any extra toward the highest interest rate. Period! Regardless of if it's investment or dept ALWAYS put extra money toward the higher interest rate. Another point, the only way to get the money back if put it to your mortgage is to sell the house. With it invested elsewhere it's much more accessible.
This video set me straight from all the other advice...your videos are easily understood...and your time is invaluable to us seeking good sound advice! Thanks guy, keep up the much needed advice you generously give!
End of the story if you bought ur home at low market prices and low rates don’t pay it off , invest money someplace else . But if you bought at bubble price then paying it off will save u a lot of money over the loan life time. As example someone bought a house for 320k with 4% rate in 30 years the actual cost of the house is more then 500k .
Very straight to the point. That’s why I love your vids.
Good Info!! Good to pay down debt 1st as much as you can then invest where feasible to do...And I agree keep emerg fund cus nothing is promised no matter what you do with your money even the money itself !!😇😊
The problem that I see with investing in stocks is that you will never see that money.
Whatever money you receive from it, you're going to want to put it back into buying more stocks. I'd rather not owe money than to make money I can't even use.
Your information provided is beyond gold standard...it's so simply understood and satisfyingly beneficial....you could not have delivered info better....thanks a lot Brian!
Wow, thank you! I appreciate that feedback and kind words so much Kel, you just made my day!
Let do both, pay off mortgage, put in offset accounts, when market crash we invest the money in stocks
I've been putting more towards my home principal recently as here in Canada we have to renew every 5 or less years and my interest went from 3% to 4.5% and the amount that went towards interest was huge last year and that's 50% more in interest
You are right - it depends on your situation.
Awesome! This is a great question!
Thank you for getting here so fast Mollie Gee, I hope you have a wonderful rest of your weekend, happy Sunday!
Fighting 8.3% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks.
@@rashid8245 Investing is how you create Wealth, I started investing from pandemic crash,and I archived alot investing in cryptocurrency
People are ignorant of the high profitability in crypto and that has been the major issue limiting their profitability
so everything? :)
I’m struggling with this decision right now, I’m considering paying off my mortgage over the next 5 years. I am contributing 6% to my 401k with a 7% match and maxing out my Roth IRA at $6,500 / year. I could invest more but eliminating my mortgage at 38 is tempting.
For how long have you ben paying your mortgage? if it's for over 10 years DO NOT PAY OFF, you have already paid 65% of interests, you are saving only 35% of interest by paying off and you can use that money during the next 20 years and make substantially more, maybe double of that 35% of savings.
I would pay off the mortgage because it is less risky plus you dont have to pay capital gains tax.
Plus you could take $100 and easily turn it into $75.
I’ve paid one mortgage off and on my second home. I have about 5 years and it’s paid.
Finally the first video I've found that presents both sides of the argument, rationally. Thank you.
Makes more sense the higher the mortgage rate is. We paid off rentals with higher rates first, but lost the 'tax advantages '. 90%+ of people can't deduct home mortgage interest.
PAY IT OFF ASAP.
paid ours off in 10 years flat 6 years ago. we have lived like royalty since that day.
get rid of ANY loans ASAP. all the time you owe money that person has you under their control
I’m new to your channel but I love the information and advice that you share and give. Keep doing what you’re doing.
I agree to disagree due to I can liquidate stocks for cash in command. But I should put more to mortgage
My mortgage company does offer the bi-weekly option but they also say they won't apply it till they have a full payment. May as well stay with the monthly payment.
Sun West Mortgage Company is my lender. Give then a call.
This guy is the best paper flipper!
It depends on the situation.
One of the most instructive video I have seen. Short and consice ! I am blessed to be better off from the 65 %. Muchas gracias 😊!
Oh my God! I love this guy. Is he a financial advisor?
Most people never itemize their interest on their taxes. At the same time, those capital gains on the investments will probably be taxed at 15% plus state taxes.
Im doing both at the same time sir, and investing in toyota suvs and video games.
Brian, I don't know how the math shakes out, but wouldn't you save more than 3% depending on when you put that toward your mortgage since the interest is front loaded on mortgages and not spread evenly over the life of the loan? Thanks, I truly appreciate your content.
Better to just buy super cheap rather than worry about all that!!
Great info bro, glad you’re giving unrealistic info to people, proud of you bro 😎
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Thank you for your wonderful videos. I always watch your videos, and I shared your video links with four friends of mine, I love how open minded you are about investing, I read an article of investors that made upto $500,000 within 3months from options, so please I'd really love more tips and clues on how to outperform the market and make such profit using options
Use a risk management strategy when trading with hard stop losses and clear targets of when to take your profits. Or just buy ETFs every month for long term, similar to saving but it’s rather boring
That's right, option isn't for rookies but that doesn't mean they have to stay off options, I started as a rookie and in my first 5 months, I made a profit of about $580,000 with no funny strategies, I basically was just following the steps and guideline from my financial advisor. as long as you've professional help, you're good to go
On occasion you can beat the market with blind luck, but I wouldn’t depend on it. Having a science background there is a saying, ‘Luck favors the informed’, I’ve found it to be true, allowed me in great part to retire early
@@angelo19940 Please, who is the advisor that assists you with your investments?
@@spangsii My consultant is Michelle Francis Elo I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so