Elimination of Personal Debt

1 Reply

If you had the ability to pay off your home and only have normal operational bills (utilities, insurance, food, gasoline, etc.) would you do it?

My education tells me to invest, but the conservative side of me tells me to pay my home off so I don't have to worry about that if I lost my job as I try to grow my real estate business.

How have others approached this internal question for yourself? 

Thank you for any feedback!

I would keep an emergency fund so that I would be able to live for six to twelve months, depending on your comfort level, without a job. If I had this, I would invest the rest of the money, because, with partnering and effective action, you can scale a Real Estate Business fairly quickly.

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