3009: When to Prepay Your Mortgage Instead of Investing by Chris of Keep Thrifty on Financial Risk Tolerance

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3009: Chris of KeepThrifty.com explores the trade-offs between prepaying your mortgage and investing, emphasizing the role of risk tolerance and personal preferences. While investing often yields higher returns, the guaranteed stability of prepayments can bring peace of mind, especially for those who value financial certainty over potential gains. Read along with the original article(s) here: https://www.keepthrifty.com/2016/06/05/prepay-vs-invest.html Quotes to ponder: "Much of our momentum on paying the mortgage down can be attributed to the prepayments we’ve made along the way." "For my risk-profile, the relative downside (pain) of losing $33,000 is more impactful than the relative upside (gain) of getting $55,000." "Before you make any major financial decision, do the math and know your mentality!" Join 250K readers (20% of which have hit 7 figures) who are already building a brighter financial future - subscribe now. Sign up at readthejoe.com/subscribe-swap Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...