Finance & Fury Podcast
Should I make additional mortgage repayments or start investing?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:20:21
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Sinopsis
Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Scott: “Hi Louis, I am currently in my 30s and have recently bought my first home. I would like to get your view if I should take advantage of low interest rates and start to put additional funds into my mortgage or if I should be thinking long term and investing instead. My mortgage is around $580,000 and I would like try to get this paid off as soon as possible but at the same time, know that investing could put me in a better position. Would love to get your thoughts on this.” Great question - Invest or pay off debts – This episode is general in nature - This isn’t personal advice – look at the pros and cons of paying off debt versus investing – look at the opportunity cost of each situation What is the right thing to do? Depends on your goals and financial position – one strategy isn’t right for everyone Someone in their 20s – may be better to invest – have long timeframe for funds to grow - Someone in their 50s –