Why Paying Off Your Mortgage Beats Investing | The Financial Mirror

Discover the shocking research revealing that most millionaires don’t invest aggressively - they pay off their mortgages first. Learn why guaranteeing your home is debt-free sets you up for better wealth building than risky stock speculation.

In this paradigm-shifting video, I expose the little-known habits of over 10,000 millionaires around managing mortgages vs investing. You’ll be stunned to find out that the majority prioritized a paid-off home over chasing stock market returns.

I explain why this strategy offers invaluable emotional benefits and certainty that volatile investing can’t match. You’ll also understand how freeing up massive cash flow by eliminating mortgage payments allowed millionaires to build life-changing wealth faster.

After debunking myths about investing over extra mortgage payments, I offer game-changing tips to pay off your home loan faster. You’ll learn how small optimizations can save thousands in interest and years of payments.

The next step on your journey to financial freedom is clear: shift focus to getting debt-free before you worry about portfolio returns. Guarantee your wealth by paying off your biggest liability first.

Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve!

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[JonahIta]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[mikelee]

I've never slept better. Will never, ever regret paying off my 700K house.

[nocturneowl]

Paying off my mortgage is worth it. Gives me peace of mind.

[bluecollarbullionballer]

Been debt free including home for 9 years.I look at having no debt freeing .Keeps my wife and I emotionally stable. we have a strong foundation that can weather any financial storm in the future.Happy investing/stacking.

[HN-oqgf]

i paid off my house. biggest reason is if your job is shaky due to corporate layoff rounds, it's a good feeling you don't have to worry about your mortgage. trust me :)

[lunallena]

In an unstable economy, it's best to secure your home first.

[kenyonbissett]

I agree with you. Our home was mortgage free at age 42. We were able to put 50% of our income towards our retirement. Just taxes and insurance.

[dsinghr]

Just buy one property, and pay it off asap, that’s my motto

[tmbara]

100%. Paying off mortgage also gives you the endurance factor. Safety to stay long in the game

[halfunkbass]

I paid off my house in California and then bought a condominium in the Philippines. Life is good, no worries about foreclosure or losing a job. Savings and investments stacks pure earnings while the roofs over my head is mine.

[christianburris]

Yes absolutely pay off your home early

[donteller]

At a 2.99% mortgage, no way will I pay it off.

[jdk]

People forget that the numbers are not as skewed as one might think because once the mortgage is paid off you can invest the entire p+i you were putting towards your mortgage. And market roi is not guaranteed, not at all. Not even over a 10 year period. In general, paying off the mortgage early is correct.

[juliocesarfernandescorrea]

I’m making +5% on t-bills with a 2.7% mortgage. I have enough to payoff my house, but that just doesn’t make sense. Once interest goes down, then I’ll change the strategy.

[Northdallasguy]

Damn, takes the guy 10 minutes just to get going

[nogames]

I got laid off my job in 2020. Thank God my house was paid off. It made a stressful situation a little bit more bearable.

[nogames]

I understand the logic of doing other things with your money instead of paying off your mortgage early. But emotionally pain my mortgage off early was the best thing I could have done.

[shanasvensson]

For me as i approach retirement it makes sense to pay off the mortgage because. 1 peace of mind
2 less withdrawal from investments thus lowering effective tax rate
3 allowing investments to grow
4 taking mortgage and pay down and putting into savings and investments to protect portfolio during the average market downturn

[marksteer-klch]

Great piece . Turn off the noise if half the battle . Pay off the house is investing in yourself.
Gives you peace and opportunity. .

[HialeahRefugee]

My decision was made when the standard tax deduction was raised and the mortgage interest was no longer making the cut