Pay Off Your Mortgage? This Expert Has a Better Strategy to Build Wealth
One of the best ways to attain financial independence is to pay off your debt as quickly as possible. Eliminating both the recurring payments and, especially, the interest expenses you have to pay, will result in a lower cost of living and more financial flexibility.
But that doesn't mean paying off debt is the only -- or even the best -- way to reach financial freedom. With mortgage rates so incredibly low, one financial expert has taken a different strategy that he expects will result in a far larger payoff over the long run. In the video below from the Oct. 29 edition of The Wrap on Motley Fool Live, host Jason Hall explains the strategy he's using to grow his wealth more quickly than paying extra mortgage payments.
Source Fool.com
