Look I’ll be 100% honest, investing is one of the sexiest things on this planet for this boring investors, and for most people, and its because we get the promise to make our money make more money; and that’s extremely attractive

However whenever we talk about paying off debt instead of investing or paying your mortgage and holding off on investing all of your extra money, it kind of feels like you are missing out on potential gains.

So in this video, I’ll tell you why I decided to invest paying off my debt before investing all the cash into the stock market or into money producing ideas.

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Long Term but you Exist Today

When ever you hear people say, if you had invested just $300 a month at 8%, over 45 years you would have 1.3M dollars

And I think that’s so attractive, the idea that years from now you’ll have all that money

But people forget 45 years is along time and a lot can change in that time, you can lose your job, you can die, you can a family and so many other things



To make this visual:

This is you at 20 and you at 65 as a white guy and a black guy, all inclusive people

But the point is, just look at your parents, do you really want to start living that baller life when you get to 65 or do you want to set yourself up, to get sooner

And the crazy thing is, you don’t get their by investing alone, you get their by paying off debt and building a foundation



What are the Benefits of Paying off your Mortgage Early

First forget about a house being an investments

When you pay it off in 15 years or less with this plan

Once you account for all the cost, maintenance and taxes you can only really hope to break even



So a house is really a Shelter

Which gives Protection

Grants Stability

Lowers your Cost of Living by almost 30%



So the minute you Invest in paying off your Home

You get to reduce your cost of living by nearly 30%

That means you can literally work less hours, stress less about work or just swith jobs all together



So do Pause investment until your Mortgage free

The answer is no, you do both but you limit investing

I recommend anything from 10-20% while you use the rest of your income to pay off your mortgage early

So this way you can have something to show, once you are mortgage free also



Here my Plan which I already did:

Get a house that’s no more than 33% of my income on a 15 years mortgage ( after I’ve paid my debts and saved at least 3 months of emergencies )

Invest lets say 15% and lets I earn 3k a month, that’s 450 a month

In 15 years I’m mortgage free and I have an investment account with 146k



Advance plan:

Same house buy plan but send extra money and pay It off faster in 7-10 years while you keep investing the same 10-20%

The benefit is, once you have no mortgage you can keep investing with less likely hood of ever having to stop investing

And you will have more stability
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.