Would you rather have $1M invested, growing at 7% per year or a $1M home, mortgage-free? If this question causes pause, that's understandable. On this episode, we discuss how there is a purely numerical answer to this question, but even so, that may not be the conclusion you arrive at. Like everything in finance, the psychological impact cannot be ignored.

In any event, with all-time low interest rates, perhaps a once-in-a-lifetime opportunity is sitting in front of you. We discuss physician loans, the counter-intuitive notion of paying down debt quickly, and provide numerical examples to help illustrate the difference.