Pay off debt or invest... how about both!
Friday 6th September 2019
In this episode, Michael tackles the question of should you focus of paying debt (or your mortgage) quicker by making extra repayments, or should you invest.
He looks at different options, such as:
- Clearing off high interest debt.
- Invest in cash producing assets. Once the cash flow from the investments pays for your mortgage, you will be effectively mortgage free.
- Start making extra repayments on your debt and track it as an investment. Effectively borrow against your investment portfolio, with a promise to pay it back, plus interest.
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