Neil Patel

And I'm meeting a lot of people in the last few months of like, you know, we think things are going to start picking up.

I'm going to start trying to pay off my home faster.

I'm like, you got a 2% interest rate that you had from years ago.

Do not pay off your home.

Drag it out as long as you can.

If you have an interest rate that's dirt cheap, do not pay off your home first.

That should be the last thing because you'll make more money just keeping your money in a bank account if you want no risk.

High yield account, sure.

Then you would from paying off your home.

Or you make more money if you're just willing to put in the S&P 500 and just hold it for five, 10 years.

Not a year, not two years because things can go down.

But, you know, and I'm not saying I'm guaranteeing this.

I just want to give that asterisk.

But typically, if you look at history, education, the S&P produces better returns than S&P.

Two percent.

If you just look at historically, you're better off putting your money in there from a historical standpoint than paying off cheap debt.

And I don't know why a lot of people want to be debt free and they believe that's freedom and they're trying to pay off really cheap debt.

And that's like one of the worst things you can do financially.

Even me, I have a mortgage, believe it or not.

Because I get really killer deals on mortgages.