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Many people who own homes ask themselves the question, “Should I pay off my mortgage early, or invest in stocks?” After all, either option could potentially lead to substantial financial benefits. However, it can be difficult for many people to figure out which of these two options is better for them.
In this video, tax expert Karlton Dennis breaks down the stock investments vs. paying down a mortgage early issue and provides his opinion about which of these two options is better. He also provides additional information such as how to invest in stocks while minimizing total tax liability.
This video can potentially benefit anyone who is trying to decide whether they should buy stocks or spend their extra money paying off their mortgage loan. It is also beneficial for people who do not currently have mortgages, but who might have them in the future and be faced with the same dilemma.
CHAPTERS:
0:00 Intro
0:39 Why Do People Have to Make This Decision?
0:58 Why You Should Pay Off Your Mortgage Early
1:55 How Investing in Stocks Can Help You Build Wealth
2:25 Which Is the Better Option?
2:50 Factor #1: Your Investing Skill and Strategy
4:58 Factor #2: Your Specific Mortgage Rate
6:40 What About Refinancing?
7:13 Factor #3: Peace of Mind
8:58 The Good News About These Two Options
10:01 Subscriber Question!
10:25 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#personalfinance #mortgagepayoff #investingstrategies