<p><strong>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. </strong></p><br><p>Paying off the mortgage early is a good thing… right?&nbsp;</p><br><p>Well, one New Zealander worked hard to do that, and then decided, he’d actually shot himself in the foot.&nbsp;</p><br><p>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.&nbsp;</p><br><p>Meanwhile, he later discovered investing into shares, and on looking back wished he’d put more money into those investments instead.&nbsp;</p><br><p>So when is paying off the mortgage early a good idea, when is it not, and how do you balance it all?&nbsp;</p><br><p>Here’s how he would handle it now if he had his time over again.&nbsp;</p><br><p><strong>Links</strong></p><p>Follow Frances Cook on <a href="https://www.facebook.com/FrancesCookNZ" rel="noopener noreferrer" target="_blank">Facebook</a>, <a href="https://www.instagram.com/francescooknz/" rel="noopener noreferrer" target="_blank">Instagram </a>and <a href="https://www.tiktok.com/@francescooknz?lang=en" rel="noopener noreferrer" target="_blank">TikTok</a>, or join the <a href="https://www.francescook.co.nz/subscribe" rel="noopener noreferrer" target="_blank">Money Memo newsletter</a> for a free weekly money tip in your inbox each week.</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

Making Cents

Frances Cook

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

DEC 1, 202447 MIN
Making Cents

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

DEC 1, 202447 MIN

Description

<p><strong>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. </strong></p><br><p>Paying off the mortgage early is a good thing… right?&nbsp;</p><br><p>Well, one New Zealander worked hard to do that, and then decided, he’d actually shot himself in the foot.&nbsp;</p><br><p>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.&nbsp;</p><br><p>Meanwhile, he later discovered investing into shares, and on looking back wished he’d put more money into those investments instead.&nbsp;</p><br><p>So when is paying off the mortgage early a good idea, when is it not, and how do you balance it all?&nbsp;</p><br><p>Here’s how he would handle it now if he had his time over again.&nbsp;</p><br><p><strong>Links</strong></p><p>Follow Frances Cook on <a href="https://www.facebook.com/FrancesCookNZ" rel="noopener noreferrer" target="_blank">Facebook</a>, <a href="https://www.instagram.com/francescooknz/" rel="noopener noreferrer" target="_blank">Instagram </a>and <a href="https://www.tiktok.com/@francescooknz?lang=en" rel="noopener noreferrer" target="_blank">TikTok</a>, or join the <a href="https://www.francescook.co.nz/subscribe" rel="noopener noreferrer" target="_blank">Money Memo newsletter</a> for a free weekly money tip in your inbox each week.</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>