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Why You Shouldn’t Pay off your Mortgage

WHEN I was growing up, my parents would advise me of the need to get a good job, buy a home and pay it off as quickly as possible. I suspect this advice came from their parents as well.

At the time it was sound advice — paying off your home would provide you with the security you needed to live comfortably. Or so I thought!

When I was in my early twenties, I attended my first wealth creation seminar with over 1000 people in the room. You can imagine my shock when the presenter suggested to all in the room that paying off your mortgage WAS NOT the smartest way to achieve financial security.

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