Why I Don’t Believe in Borrowing to the Max? (and Why Paying Off Your Home Still Matters)
Recently I got a perfectly understandable question on social media. Actually, it was in two parts:
Why wouldn’t you borrow as much as the bank will let you?
Why would you even bother paying off your own home?
I get why someone would ask this. Around 80% of the marketing you see on social media in the finance space is from businesses promoting the purchase of investment properties. And surprise, surprise the people saying this are usually in the business of selling property. That’s a built-in conflict of interest.