What Direction Does Your Cash Flow?

Published: Nov. 5, 2019, 9:45 p.m.

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Here is a very common question I get as an advisor, \\u201cShould I pay off my mortgage?\\u201d

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This is a difficult question to answer for two reasons:

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Most of the people asking have already come to their own conclusion, and they\\u2019d be hard-pressed to be convinced otherwise. They are looking for confirmation rather than insight.
\\nThe answer to this question depends on the particulars of one\\u2019s situation, this is not a quick and easy, black and white, yes or no answer. Some significant discussion and financial planning needs to come first.
\\nWhich makes this the perfect question to address on TOM.

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In today\\u2019s podcast, I\\u2019d encourage you to pay close attention to the step by step process for how we come to a conclusion. The greatest lesson from our discussion will not be the actual conclusion, but rather the thought process leading up to it. Learning to be a better \\u201cfinancial thinker\\u201d and how to better construct an assessment for these types of questions are the primary goals.

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