Optimal Finance Daily - Financial Independence and Money Advice

2703: Why Paying Off the Mortgage Early May Be a Big Mistake by Len Penzo on How to Fight Inflation

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Episode 2703:
Discover why paying off your mortgage early might not be the financial boon you expect in Len Penzo's insightful analysis. Penzo, leveraging historical examples and economic trends, argues that in a high-inflation environment, maintaining a mortgage could be more advantageous than clearing it early. Explore this counterintuitive approach to personal finance management and how it might apply to your financial strategy.
Read along with the original article(s) here: https://lenpenzo.com/blog/id25716-why-paying-off-the-mortgage-early-may-be-a-big-mistake-2.html
Quotes to ponder:
"Mortgage payments (became) no more than a nominal burden to (homeowners) - a consideration which dismayed the mortgage banks."
Episode references:
When Money Dies by Adam Fergusson: https://a.co/d/iJQCS7C
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