Mile High FI Podcast

Should You Pay Off Your Mortgage Early - Mark Trautman | MHFI 261


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Doug and Mark Trautman discuss a listener question regarding whether it’s better to pay off a low-interest mortgage (2.5%) or invest the money instead.  They explore various strategies, including the psychological benefits of paying off a mortgage, the financial returns of investing, and a hybrid approach to manage risks.  They also delve into the historical behavior of the stock market and emphasize the importance of aligning investments with personal goals.

Follow the link for more details including the original listener question and Doug’s Gemini Calculations: https://milehighfi.com/should-you-pay-off-your-mortgage-early/

Do you like the podcast and want to support the show?  Follow the link to find out how: https://milehighfi.com/support/

Links

  • Connect with Mark:
    • Mark’s Money Mind website
    • Mark’s Money Mind podcast
    • Mark discusses his 1st purchase of Berkshire Hathaway stock
    • MHFI Facebook group
    • Doug’s site
    • Producer Chris’s blog, Epic Financial Journey
    • Join the Mile High FI Club – It’s the email list!

      Get MHFi Merch – It helps support the show. Get t-shirts & more

      **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

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      Email the show: [email protected]

      0:00 Introduction

      2:02 Laying out the financial details

      8:14 Mark’s approach – The money tree

      13:57 Downsides of Mark’s strategy

      18:37 Doug’s approach & Gemini calculations

      24:42 Eliminating downside & lowering uncertainty

      31:14 Market volatility & historical context

      38:23 Not always about maximizing returns

      44:54 Soundcheck – Cleaning

      ...more
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