Should I Pay Off My Mortgage Early or Invest in Stocks? | Tax Expert Explains!

[@karltondennis]

Which do you like better - paying off a mortgage early or investing in stocks? Subscribe to help us reach 1 million subs!

[@genconex]

Option 3, which is never mentioned: do both. If you have extra money you need to give a job split it in half. Half towards the mortgage. Half into investments. You're building equity and potentially earning in the stock market at the same time.

[@sombritos]

Yup. This is an underrated comment.

[@jdub300x]

My mortgage rate is 2.9%. Soooooo I am going crazy hard in the stock market. Due to the complexity of picking the perfect stock ETFs Is the way to go!

[@magris903]

Thank you for this. My husband and I are facing this very situation right now. He paid off his vehicle, so he has nearly $700/mo in extra cash flow. He currently pays the mortgage biweekly, so he's on track to pay it off in 12 years. He is 55; I'm 52. It would be ideal to pay it off in 5 yrs.

[@novice024]

We did both. We invested in our 401k, and paid off our mortgage early.

[@iamchrisknott]

This is a perfect conversation. I have clients who constantly lose out on both sides because they don’t fully understand

[@tonybennet5312]

I just sold most of my stock to pay off my two homes. My condo was purchased Dec 2022. I put half down and finance the other half. My interest rate was 7%. I had no intention on keeping that mortgage for years to come with such a high interest rate. It'll be two years in a few days that I purchased the condo and I already paid it off. I still have some stock and I'll continue to invest. I just wanted my homes paid off.

[@malikcooper993]

Peace of mind trumps the math! 98K to go

[@TRUYORK718]

GYAT !

[@jeffDwyer1]

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $300,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

[@Jpoteete]

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

[@wmwoods-l4f]

I agree. Based on personal experience working with an investment advisor, I currently have $985k in a well-diversified portfolIo that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable.

[@Amberabove]

I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

[@derrickholfman2]

How can I engage in this? I truly want to have a stable financial future and am willing to contribute. Who is fueling your success?

[@Amberabove]

Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@nicolasbenson009]

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

[@TinaJames222]

That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

[@tatianastarcic]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@JacobsErick-u8r]

Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@tatianastarcic]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@sharonwinson-m8g]

Thanks a lot for this recommendation. I just looked her up on google, and I have sent her an email. I hope she gets back to me soon.

[@jep9152]

Aggressive investing in the stock market if your mortgage rate is low. If high, it’s better to pay off that kind of debt

[@Brian-rs4ug]

Check with your bank and mortgage contract. Not all banks allow for bi weekly payments.

[@Andre-zg7wm]

I like this topic, but haven’t heard any arguments that would sway me from paying off a mortgage early. I just paid off 140,000 in consumer debt in three years and it feels amazing not having any payments. I’m for paying off a mortgage early and investing a small amount at the same time.

[@austinbar]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@rogerwheelers4322]

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

[@joshbarney114]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@FabioOdelega876]

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@joshbarney114]

I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@FabioOdelega876]

Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

[@dejahightower7617]

Your videos have been tremendously helpful. Year 2025 I am switching to becoming a 1099 tax payer and starting my LLC. Your videos are really helping me feel prepared to enter this exciting yet daunting journey. Thank you, your grind is MUCH APPRECIATED!!!💯

[@tadherzog4578]

Thanks for the great content and laying it out. I have a very low interest rate but would love the peace of mind of not having a mortgage. At which point I could invest the bulk of the mortgage payment going forward

[@up2lateca1]

Refinancing should also have covered restarting the amortization schedule and paying that higher percentage of the payment to interest again.

[@HowardMillerM]

I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Natalie Rose Strayer.

[@Nguyenvictory83]

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

[@arielcolon3051]

We have a 2.75 interest rate for hour home and I think just being approved to borrow 550k at that low rate makes it free money. With length of the term being 30 years and inflation being more like 3% and above each year. It’s lottery like having your money sit in the bank for 30 years.

[@samratsai7062]

I stand firm in my faith, trusting God's plan. Grateful for blessings, I thank Him for prosperity. My family's happiness is restored, and retirement brings unexpected abundance, $172k monthly returns, a life transforming miracle after past struggles.

[@KuramaUchiha-id1ow]

Hello how do you make such monthly??

[@amalmberg13]

Impressive! Been trying to trade on my own for a while now, but it isn't going well. few months ago I lost about $27,000 in the trade. Can you please at least advise me on what to do?

[@samratsai7062]

Sorry about that…. Well I started with Mrs Wendy Lisa Kidd in 2023 and now my life is good something to write home about!!!! I thank God🤲🤲

[@samratsai7062]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@samratsai7062]

Giving her my initial savings of $43,000 to invest in a brokerage account was a turning point in my life. It's been an incredibly rewarding experience and the best decision I ever made!

[@biznezzacademy]

Paying off mortgage for me!

[@hemoplasm7090]

This was very informative Mr. Dennis, thank you for the video!

[@EddyR07]

Always coming out with amazing info 💯🎯

[@Panda_J1]

Depends. You can miss out on stock appreciation or other opportunities. But no job is guaranteed, if you get fired today, you still need to pay your mortgage. Paying it off is one less thing to think about.

[@DragonRz76]

Dave Ramsey teaches the same thing. He says put 15% into retirement accts(401k, IRAs, Roth IRAs) and then start paying the mortgage off.

[@SuperLabeled]

No mention of compounding returns with the stock market. That extra $1000 a month over 30 years into the market will always be more than the $30-50k you might save paying off your message early.

[@miltonwoodson702]

Nice I like the way y😢broke that down

[@regmatt]

There is nothing like anything owning your own home ...and be mortgage free

[@MarkPiresTaxCoach]

I agree one million percent

[@samuelwilliams7331]

If you good investor you can do both and have liquid portfolio after paying off the house. Way tougher to access equity.

[@alexharker7223]

It’s always either/or in these videos. Invest 15% into tax-advantaged retirement accounts (which is actually investing ~20% for those with a company 401k match) and throw extra money at your home principal.

[@THEtaxstrategists]

When is karlton going to have the tax expert on?

[@abrunson]

Many lenders do not apply bi-weekly payments to a loan or principal. Both my current and last mortgage company said they would just hold the mid-month 50% payment and apply it at month-end with the 2nd 50% payment.

[@jeanjospitre737]

Always pay off house

[@MarkPiresTaxCoach]

The problem is most financial advisors pich a one or the other concept when you can do both.

[@TheDoughGetta]

You still have property taxes, rising insurance rates and maintenance. So this can still be several hundred to several thousand per month b

[@sooma-ai]

Tax expert Karlton Dennis discusses whether to pay off a mortgage early or invest in stocks. He explains factors to consider, including investing skill, mortgage rate, and peace of mind. Both options can be beneficial, depending on individual circumstances.

[@GalutiaFamilyChannel]

7:57 😂 I am a Diamon fisted HODLer! I have held Shiba Inu & DOGE through 2020 till now. All through the stable coin crash, “crypto contagion” crash, FTX Collapse, and an ice age crypto winter for 4 years! 😂😂😂😂 I laugh at volitility!!!!😂😂😂😂😂

[@jpizziie]

I currently make 3 extra mortgage payment every year totaling 12k my rate is 6.8

[@supasuprodchinda1350]

4K a month? Are you keeping up with everyone?

[@LizErickson-t7n]

Great analysis, thank you! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@gdotone1]

yes. the day you do you get a pay raise every month.

[@johndrake3472]

Simply buy all the BTC you can get, nevermind buying property, it's a loser. Once Bitcoin becomes the new store-of-value, property will fall to its utility value - buy then.

[@coltonwilliams1565]

with respect, my opinion is this. If you even have to debate if paying your house off is better than stocks, your house and/or your interest rate is too high. You probably have too much house. It is always always always better to invest in stocks than to pay your house off. If you don’t want to pick stocks, just invest into VTI

[@belindamercer4505]

Index funds

[@camkirby2913]

If u don’t have a mortgage and just rent. I guess stocks are the way to go?

[@mrheng562]

If only the 78% understood that you just broke down a systems of equations scenario that was taught in high school algebra classes. 🙁

[@imdoc7872]

I paid off my house in 2023. I had no debt. I bought an investment property this year which cash flows and my stocks have gone up by 30%. Amazing year. Hope to replicate it in 2025. Let’s go Trump!

[@brucecranford0824]

Pay off the mortgage as early as possible. Then invest the monthly mortgage payment in a brokerage account, which doesn't have any limits on the amount you can invest. It's all post-tax dollars that you'd invest. Then do a backdoor Roth IRA conversion.

[@belovedhabeeb549]

I’ll save you some time! Pile into stocks until January 2026 then payoff your mortgage

[@hbahena24]

Neither buy bitcoin

[@jamessteffy9981]

Why would anyone take their investment advice from a tax collector? This guy is clueless people...this CHOICE is just not even necessary if you look at all of this from different logic and perspective.

[@Ricroaming]

Thanks for the continuous update! I am super excited about how my crypto investment is going so far, making over 8k weekly is an amazing gain

[@Additional329]

>>Hello, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?

[@Ricroaming]

As a beginner investor, it's essential for you to have a mentor to keep you accountable. Nancy Williams Laplace is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessment, ensuring my trades decisions align with market dynamics for optimal returns.

[@MichaelKennedy-gq6xp]

You're correct!! I make a lot of money without relying on the government. Investing in crypto and digital currencies is beneficial at this moment.

[@Anellida]

>>Ms NANCY was my hope during the 'bear summer last year. I did so many mistakes but also learned so much from it, and of course from Nancy. she is my number one Source when it comes to crypto and TA

[@EvelynMorrison-zp5og]

>>Yes, I agree with you. Her platform is wonderful and her strategies are exceptional.

[@SuperDeluxe80]

pay off your home you only worry about paying taxes which aint noting compared to the mortgage. stocks are a rich mans game, better off using your new money buying a rental only rent to people with good jobs. if trump removes income taxes or just OT taxes my house is paid in less than his term.

[@KatrinaLAlexander]

Income taxes or no taxes in tipped income?

[@SuperDeluxe80]

@@KatrinaLAlexander tip, OT and possible income taxs.

[@edwinhunnet2666]

Bro is a tax expert. Please stick to giving tax advices.

[@Evelyn-j1t]

l'm new to BTC and l've been making losses trying to make profit myself in trading.. I thought trading demo account is just like trading trading the real market... Can anyone help me out or at least advise me on what to do?

[@prophet6774]

Didn’t even watch the video. Saw this guys face and thought I’d comment how wrong this dude is for so many reasons. I love watching the videos where people like him get proved wrong by actual tax attorneys. Wouldn’t take advice from this guy if he paid me