3009: When to Prepay Your Mortgage Instead of Investing by Chris of Keep Thrifty on Financial Risk Tolerance
Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences
Optimal Finance Daily - Financial Independence and Money Advice · Optimal Living Daily | Diania Merriam
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Show Notes
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Episode 3009:
Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences. While investing often yields higher returns, the guaranteed stability of prepayments can bring peace of mind, especially for those who value financial certainty over potential gains.
Read along with the original article(s) here: https://www.keepthrifty.com/2016/06/05/prepay-vs-invest.html
Quotes to ponder:
"Much of our momentum on paying the mortgage down can be attributed to the prepayments we’ve made along the way."
"For my risk-profile, the relative downside (pain) of losing $33,000 is more impactful than the relative upside (gain) of getting $55,000."
"Before you make any major financial decision, do the math and know your mentality!"
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