Why Pay Off Debt If I Can Invest at a Higher Interest Rate?
We have all been told to pay off our mortgage early. In this episode, Garrett is going to walk explain why the banks are incentivized to go after someone who has more equity if something happens to the economy and you start to miss payments.
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Garrett is the author of the New York Times and Wall Street Journal bestselling personal finance book Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity.
He is the Founder and Chief Wealth Architect of the Inc. 500 firm, Wealth Factory. A regular on ABC’s Good Money, he has been on Fox, CNBC, as well as hundreds of radio interviews, and is a contributor for Forbes. Garrett is a frequent speaker at workshops and conferences. He lives in Salt Lake City.
If you want to build sustainable wealth, increase your monthly cash flow and enjoy economic independence without using budgets, cutbacks, limiting your lifestyle or adding new customers to your business, then Garrett & the Wealth Factory team can help provide the tools and training you need to build the life you love.
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This video is about Paying off your mortgage early will DESTROY your finances / Garrett Gunderson