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Payoff mortgage or invest?

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4 comments

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    Kris John

    I would pay off your mortgage as soon as you can with surplus cash you generate. Doing so introduces other benefits to your life and free's you up from the crutches of debt. I did this @40 and today own 4 condo's which I rent and spend my cash on travelling and enjoying this beautiful country. Allow yourself the luxury of being debt free. 

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    Rudy Roesel

    Thanks for the advice.  I guess what I failed to mention is I'm 71 years old.  My mortgage still has 11 years left with the lower payment and 8 years with the increased payment.  In this short term given my life expectancy wouldn't it be better to invest the extra $250 in higher-risk assets?

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    Kris John

    Rudy , what higher risk asset ? are you referring to and what is the return you are looking at with this asset class ?

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    Rudy Roesel

    gold/silver, cryptocurrencies, REITs, or other assets.   I am looking for a higher return than paying off my 3,75% mortgage, say 10%+

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