The Wealth Fix

If you have a mortgage and positive cash flow, you're likely asking yourself whether you should pay off your mortgage or invest. In this video, we'll explore the common belief that if you have a low mortgage rate, you should invest instead, while a high mortgage rate means you should pay it off as soon as possible.

We'll examine the assumption that stock market returns are linear and explore how they can vary greatly. You can even experience an entire decade of zero returns while making mortgage payments.

Age also plays a role in this decision. We'll discuss where to dedicate your cash when you're 33 vs. 53 and why paying off your mortgage is ideal for those above mid-40s. We'll also touch on why the best money decision isn't always the best personal decision and the benefits of having no mortgage when entering retirement or starting your own business.

Ultimately, the decision comes down to opportunity cost. We'll explore what else you could do with that money, including investing in stocks or cash. We'll discuss what your time horizon should be when investing in stocks and why investing in cash is a straightforward situation.

Other factors to consider include having low debt costs during times of high inflation and not having too much of your net worth tied up in your home going into retirement.

Join us for this informative video and learn the surprising answer to whether you should pay off your mortgage or invest.

Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix...

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

What are the best questions to ask a financial advisor? If you're thinking about hiring a financial advisor, it's essential to ask the right questions to make sure you find someone who understands your financial goals and can help you achieve them. 

First, we'll cover the basics, such as their experience and qualifications. Then, we'll dive into more specific questions, like how they plan to invest your money, how they charge for their services, and how they'll work with you to develop a personalized financial plan.

We'll also cover some red flags to watch out for, such as advisors who promise unrealistic returns or who don't have your best interests at heart.

At the end of this video, you'll have a clear understanding of what to look for in a financial advisor and how to choose the best one for your needs.

Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

How do Millionaires invest? We break down exactly how millionaires invest their money, their strategy for investing in the stock market, and what you need to know to invest like a millionaire yourself.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Want a free financial consultation with trusted financial professionals?Get it here  https://bulloakcapital.com/get-started/

How much house can I afford in 2023? Calculating how much house you can afford is one of the most important financial decisions you will ever make.

First, understand your income and expenses to get a realistic budget. Then you can use your gross income to determine two important ratios, known as the 28/36 rule. The 28 refers to your home payments in that your all-in-home costs should not exceed 28% of your gross monthly income. The 36 refers to your debt-to-income ratio. Your DTI is a target that the total of your monthly debt payments (including potential mortgage payments) should be less than 36% of your gross monthly income.

Mortgage lenders use these two ratios as benchmarks to determine how much loan you can qualify for. 

Additionally, you should look at the down payment you can make, as this will affect the total amount of your mortgage. By taking into consideration all of these factors, you can get a better understanding of how much house you can afford.

Want more financial planning tips and strategies? 

Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix?sub_confirmation=1 

Want a free financial consultation with trusted financial professionals? Get it here  https://bulloakcapital.com/get-started/

Bad money habits are keeping you from building wealth. Being aware of your money habits will help you get on track to build wealth and reach your financial goals. In this video, we break down 7 major money habits to avoid, and share personal finance and investing tips to fix them.

Want a free financial consultation with trusted financial professionals? Get it here  https://bulloakcapital.com/get-started/

Should you listen to Dave Ramsey? Dave Ramsey is one of the biggest names in personal finance? He popularized the debt snowball method and has helped millions of people get out of debt and improve their money habits. When it comes to investing in the stock market, his investment advice should be avoided. He ignores data and relies on investment myths. In this episode, we break down the good and the bad of Dave Ramsey.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=383

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com/

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

What are the best steps to prepare for the 2023 recession? We break down what you can do to prepare for the next recession. We discuss the importance of an emergency fund, paying off debts, understanding your spending, and continuing to invest and diversify your investments.  Let us guide you in long-term thinking so you can feel prepared with the best steps to prepare for the 2023 recession.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/7-steps-to-prepare-for-the-2023-recession/

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com/

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

What are the best high yield savings accounts? Which banks offer the best high yield savings accounts in 2023? What are the current interest rates of the best high yield savings accounts? In this video, we discuss everything you need to know about the best banks to use for your own high yield savings account, how to get a better cash yield, and how to make your savings work for you.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=372

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com/

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

We discuss the best way to pay off debt using the debt snowball and debt avalanche methods. From credit card debt to auto loans to student debt, we discuss the best ways to pay off high-interest loans and the fastest way to get out of debt. Ryan A. Hughes and Peter Campbell break down Dave Ramsey's Debt Snowball Method and compare it to the popular Debt Avalanche Method to determine the best way to pay off debt.  

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=367

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com/

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠

TikTok is always a great place to receive terrible financial advice. A trading strategy yielding better results than Warren Buffett? Establish an LLC to save on taxes? Take out a short-term loan to fund an investment property portfolio? We break down all of these videos in our latest Youtube video.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=354

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com/

Want a free financial consultation with trusted financial professionals? Get it here  ⁠https://bulloakcapital.com/get-started/⁠