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Reasons to Avoid Paying Off Your House


Everyone says you should pay off your debt as soon as possible but is it the best thing that you could do. Today I'll show you what you could use that money for and start making you financially free! 🤝Get a FREE custom Real Estate Game Plan from Kris’ Team Watch and Enjoy! Kris Krohn PS: Save Kris’ phone and text him anytime you have questions: +1 (385) 217-3477 ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 🔥TAKE THE NEXT STEP WITH KRIS’ AND HIS TEAM 🔥 ===================== 💰 Get Kris’ FREE REAL ESTATE BOOK on Back-Yard Investing 💰 🤝 Got Money or Retirement Savings? Partner with Kris on Deals: Get Kris’ New Book: Turn-Key Real Estate--How to Earn 25% ROI on Every Deal If you can make it in sales, the funds can be used in unexpected ways. Come join my Six Figure Team - 🎤 Attend one of Kris’ life-changing events Get Access to a Super Simple Side Hustle: Partner on No-Money Deals as one of Kris’ Mavericks 🤝Get a FREE custom Real Estate Game Plan from Kris’ Team PropStream Software Free Trial: Access Kris’ Real Estate Hotline to get hands-on live coaching Learn Kris’ Lease Option System--FREE Game Plan Consultation Reach Every Goal–Get Kris’ FREE Limitless Book Want to know how Kris’ Finds his Top Deals? Best Way to Save Protect Your Money for More Real Estate Deals Get Our FREE FINANCIAL CALCULATOR to find out When You’ll Retire Secure $50K - $250K in business credit for your next deal! See Everything Kris is up to: 📹 BE ON A KRIS KROHN YOUTUBE EPISODE ================ Record your questions on video, and join me in a future episode: 📞 QUESTIONS ABOUT PRODUCTS, CONTACT SUPPORT support@limitlessmentor.com 📲 CONNECT WITH KRIS: ================= Podcast Instagram Facebook Twitter LinkedIn Youtube Channel TikTok Blog Audible Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms. The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle. DISCLOSURE OF FINANCIAL RELATIONSHIP Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: #KrisKrohn #RealEstateInvesting #MoneyMindset...(read more)



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Why You Should Never Pay Off Your House For most people, paying off the mortgage on their home is a significant financial goal. There is a sense of satisfaction and relief when you make that last payment and officially own your house outright. However, there is a growing belief among financial experts that paying off your mortgage might not be the best use of your money. In fact, they argue that you should never pay off your house. Let's explore why. 1. Inflation Hedge One of the main reasons to consider not paying off your house is inflation. Over time, inflation decreases the value of money. By keeping a low-interest mortgage, you are essentially borrowing money for the long term at a fixed interest rate. As inflation rises, the value of your mortgage debt decreases, making it cheaper to repay. In essence, you are benefiting from the decreasing value of money while holding onto cash that you could use for other investments. 2. Opportunity Cost When you use your funds to pay off your mortgage, you are tying up a significant amount of money in an illiquid asset, namely, your home. While it is true that owning a home provides shelter and security, it does not generate income or appreciate at the same rate as other investments. By investing your money elsewhere, such as in stocks, bonds, or real estate, you have the potential to earn a higher return on your investment and build wealth more rapidly. 3. Tax Deductions Homeowners also enjoy certain tax deductions related to their mortgage interest payments. By consistently deducting mortgage interest, you can reduce your taxable income and, subsequently, the amount of income tax you owe. It's worth consulting with a tax professional to determine the best strategy based on your individual circumstances, but often keeping a mortgage can be beneficial from a tax perspective. 4. Liquidity and Financial Flexibility By not paying off your house, you maintain liquidity, which means you have access to cash when you need it. This flexibility can be vital in the event of an emergency, unexpected expenses, or investment opportunities. Rather than tying up your funds in your home, you can keep them accessible and ready for use when necessary. 5. Diversification Lastly, by not paying off your house, you diversify your investment portfolio. While real estate is generally considered a safe and stable investment, it is not entirely risk-free. By allocating your money in different areas—such as stocks, bonds, and real estate—you spread the risk and increase your overall chances of achieving financial success. Of course, this does not mean that paying off your mortgage is always a bad idea. For some individuals, the peace of mind and emotional satisfaction of owning a home outright might outweigh the financial benefits of retaining a mortgage. Additionally, personal financial circumstances and goals vary greatly, so it is crucial to weigh all options and consult with a financial advisor before making any decisions. In conclusion, there are valid reasons to consider never paying off your house. From inflation hedges to opportunity costs, tax deductions, liquidity, and diversification, retaining a mortgage can provide financial benefits and flexibility. However, it is crucial to carefully evaluate your personal situation, priorities, and risk tolerance before determining the best course of action for your specific needs. https://inflationprotection.org/reasons-to-avoid-paying-off-your-house/?feed_id=130089&_unique_id=64e5338f694c7 #Inflation #Retirement #GoldIRA #Wealth #Investing #KrisKrohn #LimitlessTV #realestate #TIPSBonds #KrisKrohn #LimitlessTV #realestate

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