Highlights of today's show:
- What to do after your consumer debt is gone; save for retirement or pay extra on the mortgage
- Pros and Cons of investing for retirement
- Pros and Cons of paying extra on the mortgage
- Why my wife and I currently do both
- What I have been reading lately
What would your rather do with your extra money each month; invest for retirement or pay extra on the mortgage. Now no matter what you do, investing for retirement and paying extra on the mortgage are both good things to do. But is one preferable to the other? Today we break down the pros and cons of doing each and I share what my wife and I are currently doing with our extra money.
To get more information on investing for retirement and paying extra on the mortgage check out the following podcast lessons and blog posts:
Investing for retirement
- JW's Financial Coaching Podcast Lesson #24-4-1-1 on investing with guest Devin Czech
- JW's Financial Coaching Podcast-Investing 101
- Why I continue to invest when no one else does
- Are you on pace for retirement?
Paying extra on the mortgage
- Paying off the mortgage is a marathon; not a sprint
- 15 year vs. 30 year mortgage revisited
- Is paying off the mortgage a goal for you?
In addition I also share what I have been reading lately. Reading is still one of the best ways to learn. Even though I love reading about personal finance that's not the only thing I encourage you to read. Right now I am reading Meg Meeker's Boys Should Be Boys: 7 Secrets to Raising Healthy Sons. This book has really helped and encourage me to be a better dad for my boys. To listen to this and other books please checkout audible.com and and visit jwfinancialcoaching.com/audible to receive a free download of an audio book of your choice.
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You can find prior editions of the podcast at the podcast archive page.