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Podcast: Wealth Formula Podcast
Episode: 184: Should You Pay Off Your Mortgage?
Description: A simple question can have so much complexity around it. Here's one I get all the time: "Should I pay off my house?". Conventional wisdom says this is a no brainer. Look at all the financial gurus out there like Dave Ramsey and Suzi Orman—they all think you ought to be paying off your mortgage. Is it possible that they are wrong? Even in the unconventional alternative space, this is a controversial issue. A mortgage on your house is debt. If you follow Robert Kiyosaki, he says that there is good debt and bad debt. Good debt puts money in...