Ep 50: Making The Right Choice: Paying Down Mortgage Or Saving Into Your 401k
As homeowners, we all know that paying down our mortgage decreases both debt and stress. But have you ever wondered if there's a better way to secure your financial future? Is being debt-free the ultimate goal, or should you prioritize saving for retirement instead? In this episode, we're going to break it down for you, weighing the pros and cons of both approaches.
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In this episode:
[4:42] The pros of paying off your house early
[6:36] The cons of paying off your house early
[8:48] The pros of putting more money into your retirement
[9:53] The cons of putting more money into your retirement
[14:57] A few guidelines