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Paying off your mortgage is a bad idea
4 months ago
126
Finance & Crypto
BITCOIN
BITCOIN JOURNEY
MAPLE BITCOIN
BITCOIN NEWS
88 SATS
KNG GOLF
INVESTING
BITCOIN CANADA
BITCOIN TIPS
FINANCE
It does not make any sense to pay down debt if you have a low rate and long-term loan.
There is a HUGE spread between the interest (assuming it's less than 10%) which is the outflow, and the increase in purchasing power (historically 60%).
In fact, people should consider taking on more low rate long-term debt to buy more Bitcoin.
#bitcoin #investing #financialliteracy #mortgage #wealthbuilding #sats
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