“I regret paying off my mortgage early” - financial analyst Nick Carr

Nick Carr, financial analyst from Your Money Blueprint, shares why he regrets paying off his mortgage early, and the numbers behind why he would have invested into shares instead. Paying off the mortgage early is a good thing… right? Well, one New Zealander worked hard to do that, and then decided, he’d actually shot himself in the foot. When a big accident happened, the money he’d sunk into the mortgage wasn’t available, when he could have done with some cash savings to get through a tough time. Meanwhile, he later discovered investing into shares, and on looking back wished he’d put more money into those investments instead. So when is paying off the mortgage early a good idea, when is it not, and how do you balance it all? Here’s how he would handle it now if he had his time over again. LinksFollow Frances Cook on Facebook, Instagram and TikTok, or join the Money Memo newsletter for a free weekly money tip in your inbox each week. Hosted on Acast. See acast.com/privacy for more information.

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