I'm 32, Should I Invest or Pay Off My House?

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[jeanpauljeanpaul]

I paid my house off at 43, and it freed up $3000 a month to invest every month. Best decision I ever made.

[Eirikr]

Really appreciate the calls from people making actual money, not $200k+

[Itseasierthanwemakeit]

He didn’t know how to invest: but he knew how to earn, buy a house, be debt free. Backing himself is his recipe for success. Investing learning comes next. He’s real solid

[Takar]

There are some folks who would argue that he should invest, instead of paying off the house. But the simple truth of it is, he's not doing that and just holding cash. Why? Probably because he can't mentally get around investing while he has to pay the mortgage. If paying the mortgage off gets him to be more flexible with his money, then it's the best thing for him.

[mannyjeanpierre]

Wow 60k salary and a paid for home at 34. He's in the top 10% and doesn't even know it

[darthenx]

Everything was relatable to me until he mentioned he had 100k saved up. Lol

[koolandblue]

I’m on pace to pay off my 15 year mortgage 10 years early. By early 2022 I will be completely, utterly free of all my debt including the mortgage. I love seeing that remaining principal amount and interest paid number get smaller and smaller every month.

Can’t wait to kick the bank out of my house!

[dogan]

Did the caller say he's 34 years old. He sounds like he's 70. Just wondering

[realtor]

This guy just went through all of his baby steps in 1 call. Well done!

[VegaGT]

I knew IT! I knew Mr. Dave was going to change Rachael’s response to the caller.

[jarrettpierce]

Math: you'll have more money if you invest it
Emotional: you'll have more peace of mind if you pay it off

[mynameisneb]

Just pay off the house already and immediately start a Roth IRA, now if I could just figure out how to have 100, 000 laying around

[stephanier]

Paying off houses feels so good! I know I have done it twice!!! I am 31! Thanks dave and rachel and of course the Good Lord!!

[lionelhuts]

Dave for getting out of debt. The Money Guy for building wealth.

[melissab]

I’ve listened to this several times. It’s so awesome and I’m so happy for this couple.

[wtDrake]

Paying off a house must feel like paying a car off but X10 better

[CaseyBurnsInvesting]

The math says you should invest however, your mental health is worth something. Paying off your house can be a huge thing as far as freeing your mind and finances up to growth opportunities.

[nkyryry]

Why do people call in with questions like this? Dave is NEVER going to suggest building wealth while having debt. Never. It’s not his formula.

[carieyounginsurance]

Agree with Rachel’s advice...I would not just pay completely off my house with no investments...a dollar today is worth so much more tomorrow especially now. He can definitely do both and get both accomplished eventually...!

[lilblizake]

Prior to caller, Dave looked at Rachel and said “how bout you take this next one, sport?” Rachel then gives advice which Dave butts in and contradicts LOL CLASSIC DAVE