Paying off one’s mortgage can be a very viable financial planning goal. Just do it the smartest, fastest, safest way possible. People often say, “Well, I’m conservative. I want to pay my mortgage off.” My response to that is, “Conservative to me means that I have the financial wherewithal to meet any financial challenge I may have and to take advantage of any financial opportunity that may come my way.” That means having cold, hard cash available—not tying up so much of my net worth in real estate, which is not very liquid.
Look For New Ideas
There are many innovators out there, creating products that are going to help the American consumer pay off their homes and save for retirement. There are mortgage products and strategies, that when used consistently will have you pay off your mortgage in half the time without increasing the amount of money you pay on your mortgage. By simply by taking advantage of daily crediting strategies and the “free float” on credit lines, you can achieve home-ownership quickly. Because you are not paying extra money on your mortgage to make this happen, you can then put that money toward an investment plan that will provide for you in retirement (or for college educations or any other expense that you might have). I can teach you how to do this. It’s not magic. It’s just math.