Do NOT Pay Off Your House

It might sound a bit crazy because a lot of "financial experts" say that paying off your home early is the best thing you can do financially. But I'll show you why you should never pay off your house and what you should do instead.

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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

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NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

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[PauloBernardodasilva-enwg]

Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Thomas Easton financial wisdom....

[Williamsmthe]

I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .

[OG_SQUID_MTB]

the banks declined me from pulling out equity out of my home 🤷‍♂️

[LyricSpencer]

I own 2 properties. Everytime someone moves out I need at least $10k to flip the house for a new tenant.

[Joygirl]

Guys -Guys don’t gets sucked in all this videos . Simplicity is the key .
All sounds good to hear till it’s Not .
Speaking from experience 😊

[jamesdavis]

Doesn't a paid off house still have equity?

[awp]

Why dont you have Dave on you show? I’m sure he would correct your misrepresentations of him.

[jakeandsarahhealthnuts]

I have to say I am a big fan of Dave who I have been following for 5 years and help me paid off credit card debt and I am a big fan of Kris who I have only been following for 2 months.
I think your main home you live in should be paid off earlier, (though not too quickly where you cant invest) but I think a rental or financed home should take as long as possible.

[moise]

Landlord telling renters that buying a house is a bad idea because he doesn't want to lose his clients

[dailygrindtothetop]

The real key is make allot of money!!!

When you have a bunch of money you pay things off and have equity in everything you own

Use your paid off assets to get more assets

Keep making money and pay off those assets as well

[Chris-ipqg]

great vid! its nice and refreshing when someone talks outside of the normal mindset and makes good logical banter..keep up the good work!

[kevinlai]

literally the best video of Kris. and I learned these from my hard way and I totally agree.

[lionheart]

Dave is good for your everyday millionaire.

[thomasreto]

Depends what type of property you’re renting;, ghetto, or respectable property that deserves hard working responsible people….long term or short term….I get that there are tax advantages but I would not empty my IRA….

[doingitagainx]

Finding positive cash flowing houses these days are super hard!!

[davidmckenna]

Chris, i have that same shirt, only you fill it WAY better than me! 🤣

[jayc]

I buy all my houses cash, mortgages are a ripoff

[blaketout]

So let me get this right, you own a home, your mortgage is 1500$ a month, the average home right now is 500k in the USA, so you go get a 100k heloc and you go buy a house for 500k as a rental, you now owe 1500$ for your original house, 1300$ for your heloc, and 3, 000$ for your rental mortgage??? Or am I wrong or missing something?

[jesusvaldez]

Hey Kris do I sell my condo or do I rent it out? In tubac az.

[moise]

"The rich rules over the poor, and the borrower is slave of the lender.”