In this episode we explore a scenario in which Matt has the option of completely paying off the mortgage of his next personal residence.  He wonders aloud how best to approach having funds to invest with the financial peace of mind that comes with paying off one’s mortgage.  Kyle and Jon share some incredibly creative ideas on how to maintain financial flexibility while enjoying the comfort of having a minimal mortgage.

What you’ll learn: 

• Should I pay off my mortgage in full?
• What happens after my mortgage is paid in full? What options do I have?
• What amount of a split between HELOC and traditional mortgage is optimal for me?
• Should I choose a variable mortgage rate or fixed rate in this economic climate?
• How do I diversify my investment portfolio for my personal situation?

Resources: 

• The Invested Teacher Wealth Building Booklist
• Retirement Planning Spreadsheet
• Download our Wealth Building Blueprint

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If you listen to podcasts like The Rational Reminder with Ben Felix & Cameron Passmore, The Canadian Investor, The Canadian Real Estate Investor, Build Wealth Canada with Kornel Szrejber, ChooseFI with Jonathan Mendonsa & Brad Barrett, Afford Anything with Paula Pant, The Ramsey Show with Dave Ramsey, BiggerPockets Money, The Money Guy Show with Brian Preston & Bo Hanson, Invest Like the Best with Patrick O’Shaughnessy, Masters in Business with Barry Ritholtz, The Wealthy Barber Podcast with David Chilton, Financial Audit with Caleb Hammer, In the Money with Amber Kanwar, The Loonie Hour with Steve Saretsky, or More Money Podcast with Jessica Moorhouse — we’re confident you’ll enjoy Canadian Wealth Secrets too.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.