Shaz answers the question about whether to pay off your mortgage if you have the cash.
It can be easy to think that not having the debt is what everyone would want but as Shaz explains there are other options to consider.
He shares some of the options that anyone with the cash may want to look at instead of paying off the mortgage and reflects mindset and that ultimately everyone will need to make a choice that works for them.
KEY TAKEAWAYS
How you feel about debt is a personal thing and influenced by how you have been brought up.
Your relationship with debt depends on your mindset
From a financial point of view on an interest only mortgage its dependant on what you do with the money.
If you invest in property you will get a good return with cash flow if you are investing in buy to let.
If you are interested in getting into property you will get a better return through investing.
Keep the cash and your mortgage and invest wisely to get better returns
BEST MOMENTS
‘Most of us start small and build capital experience, expertise and your network’
‘How you feel about debt is all about your mindset’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
Facebook
YouTube.
