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Keep the Mortgage for the Tax Deduction? + Mortgage Free Family (Jon Banker)

Keep the Mortgage for the Tax Deduction? + Mortgage Free Family (Jon Banker)

FromMarriage Kids and Money


Keep the Mortgage for the Tax Deduction? + Mortgage Free Family (Jon Banker)

FromMarriage Kids and Money

ratings:
Length:
39 minutes
Released:
Jan 17, 2022
Format:
Podcast episode

Description

Does it make sense to pay off your mortgage if you lose the mortgage interest tax deduction? This is a common question people struggle with who are considering paying off their mortgage. Let's explore if keeping your mortgage for the tax savings makes sense. Also, we hear from Jon Banker from Colorado who recently paid off his mortgage early. We discuss why he did this even with a mortgage at 3% interest.  Last, but not least, my son Calvin joins me for a new segment called "The Good Word".  EPISODE RESOURCES Firstly:  Smart budgeting tools and real-life advice to get you on the path to family financial wellness. Learn more today!  "The Good Word" Story of the Month OTHER EPISODES YOU MIGHT LIKE Family Wealth and Happiness:  10 Steps to a Better Tomorrow (Today) 10 Incredible Benefits of a Paid Off Home 50% to 10%:  Why We're Happy Saving Less in FIRE Journey MKM RESOURCES MKM Coaching:  Request your free 15-minute consultation YouTube Instagram  Voicemail DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com
Released:
Jan 17, 2022
Format:
Podcast episode

Titles in the series (100)

Are you looking to improve your family's financial wellness and create a life of true wealth and happiness? The Marriage, Kids and Money Podcast is dedicated to helping you do just that. Each week, Andy Hill interviews millionaire parents, couples who have reached financial independence, and financial industry experts like Chris Hogan, Paula Pant, JL Collins and Rachel Cruze (the daughter of Dave Ramsey). These interviews are meant to provide you with easy-to-understand information and actionable takeaways you can use to give your family the life they deserve. With over 200 episodes and counting, Marriage, Kids and Money has been nominated as “Best Podcast of the Year” and been awarded “Best Family Finance Blog” by Plutus. Show topics include everything from how to pay off your mortgage early to how to help your kids become future millionaires (who are generous). Join the family wealth-building conversation by listening to this 5-star rated family empowering podcast today!