Should You Double Pay Your Mortgage? | Jill on Money
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Published 2024-03-30
Jill is an Emmy and Gracie Award winning Business Analyst for CBS News and host of the Jill on Money podcast. For more, check out: www.jillonmoney.com/.
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All Comments (17)
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lol one kid with 100k saved for their college, they make 200k a year, 350k in 401k, 90k IRA, and 50k in a taxable, 20k in crypto, market fund of 25k, 900k home, no CC debt, social security with a pension?! Cmon ridiculous. These people are fine for retirement. Profile someone with LOWER SALARIES and maybe no pension for once.
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you gotta be brave to do a show like this, Jill is a youtube hero
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I think at her age she should have more in her 401k. Especially since she says she’s maxing it out. She must have started late. Also, I think spending 5k a month herself not including her mortgage sounds really high.
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You can also build up richer by not having mortgage payment
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i'm the proud* owner of almost* that exact same flower chair o0
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Looking at her finances alone instead of 'family' resources seems just silly. Jill & Mark are just getting half the picture. I was also really disappointed to hear Jill say the husband's income of $80k "is not nothing", call him a screw up, and express that maybe in the future he'll get his act together and make more money.
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spot on with these rules of thumb, they're stupid for the most part. My income has doubled just over the last 5 years without even a career change, my investments obviously keep up with that, even with the additional contributions(we do 30% post tax investing)
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Bitcoin price has morphed into a handle and cup formation which is the opposite Omen of a cup and handle formation 😊
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That test sucks
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And pay the darn thing off ASAP! Otherwise, it's a ball and chain on your ankle until you pay it off. Mortgage companies are not in the business of losing money.🤔 😎
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since i don't own a home i dont have this problem so I double pay my broker instead 😀
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Anyone with high six figures in retirement/savings should not be asking for free financial advice. Pay an advisor.
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Another classic example of human behavior overriding paying off the mortgage as soon as you can along with making contributions to retirement. CONTINUE TO ACCELERATE PAYING OFF YOUR MORTGAGE!!!!
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This show continually features what most would consider well off individuals, top end earners with plenty of savings, pensions and tons of savings that the average American can’t relate too.
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It sounds like she just wanted to call in and brag about how good she is doing.
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It takes forever to even get to the topic
