Should you PAY OFF your home mortgage in 2024? | Morris Invest

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Lately on the show, we’ve really been dialing down on how to protect yourself during these volatile times of high inflation, endless job layoffs, and record rates of consumer debt. So, you probably already know that now is the time to pay off any risky, high-interest credit card debt. But one question I’ve been getting a lot is, “should I pay off my mortgage in 2024?” So let’s unpack this question on today’s show, including specific points you should consider when making this decision.

Ultimately, making this decision comes down to your priorities. Another thing to consider is that while paying off your mortgage can improve your finances, you’re technically not making your money work for you by paying off debt… To weigh your options here, check out this video on paying off debt vs. investing, where I walk you through specific points to consider, including how to weigh your interest rate, the impact your debt is having on your mental health, and ideas for buying assets that can actually pay your mortgage down.

Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/2PhM3LA

How to Pay Off Your Mortgage in 5 Years: https://amzn.to/2OrjTSD
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