Why Not To Pay Down Your Mortgage
Many of my clients have bought into the belief that no debt is good debt. However, unlike credit card debt or other consumer debt, your home mortgage is actually good debt that can be used to your advantage.
Many of my clients have bought into the belief that no debt is good debt. However, unlike credit card debt or other consumer debt, your home mortgage is actually good debt that can be used to your advantage.
You think keeping more money than you need in cash provides safety? Over time, the value of your money will erode relative to the cost of the things and the experiences that enhance your life.
We cannot plan to "be happy when...." Don't wait for something outside yourself to make you happy in the future. Life is happening now. Every moment should be enjoyed and savored.
When we listen, the stories we learn about others' dreams and goals can be powerful, and often different from what we may have assumed. Stories shared between people of diverse backgrounds can build a base of commonality to work together from, as well as enable new approaches pieced together from the shared experiences.
We have so many things competing for our attention: our jobs, our families, our obligations - who has time to read an email, let alone fully digest its message? I don't know about you, but I am constantly applying triage to prioritize the competing demands of my life. The preface to digital articles, indicating how much time it will take you to read them, shows I am not alone.
American parents are spending upwards of $500 billion a year to support their adult children. Two-thirds of us are actually sacrificing our own financial security by providing the support. Others of us struggle with the worry that, by providing a financial crutch, we may actually be harming our children in the long run by not encouraging more responsible behavior.