HOMES AND MORTGAGES
When to pay off mortgage vs putting extra money into investments
Hi all, I'm debating whether I should focus on paying off my mortgage or put extra money into investments. What factors should I consider, and has anyone here decided on one approach over the other? Cheers
Mason King.
24 November 2024
1 Comments
14 days ago
Hi Mason,
Great question, there’s a lot to weigh up in this sort of scenario. And it’s even harder when interest rates are higher like they are now.
The following article might be helpful to help you think through the decision: https://strongmoneyaustralia.com/mortgage-vs-...
Personally I go for investing because I don’t mind having debt and I believe investing will lead to higher wealth than paying down debt.
All the best,
Dave
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