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What to Consider Before Aggressively Paying Your Mortgage
Manage episode 156240565 series 1181640
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Before paying down your mortgage, you must consider four expenses. Although you may not have considered these things before, now is the time to do so!
1. Pay off credit cards with high interest rates.
2. Build an emergency fund. I highly recommend having six months worth of funds saved up in case something goes wrong.
3. Build up for retirement. It’s never too early. Everyone has to retire eventually. Diversify your plan. Dive into your 401K and real estate investments.
4. Save up for college. Save up for your kids! Like retirement, it’s never too early to start saving up for a college education. Tuition nowadays has been outrageously skyrocketing.
Once you’ve covered these four expenses, you can begin to aggressively pay down your mortgage. If you have any questions about your real estate, give me a call today!
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