
912: Friday Q&A: Increasing Reading, Investing Extra Money, Real Estate Seminars, Living in South Florida, Etc.
Radical Personal Finance
00:00
Should I Make Double Payments on My Mortgage?
Joshua: When, if ever, does it make sense to make double payments on your mortgage or when to invest in a property to lower your interest that you're paying over time. Joshua: The financial question as to whether you should pay down debt or invest the money is exclusively a question of interest rate of higher rate of return. He says people are not motivated to go and make an extra $1,500 so that they can invest the money at higher than 5.6% for 25%. Josh: Your stocks in your 401k must substantially outperform mortgage payments or our entire financial system unhinges itself.
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