Financial independence or early retirement, just like paying off debt, can be a major mountain to climb, especially if you are just starting out. A mountain that once calculated, can seem very overwhelming or nearly impossible to overcome which can sometimes lead to a stop in momentum towards reaching these goals. This is true in all professions, but I know based on first hand experience it can be especially true in the healthcare world especially during times like these. It’s hard to see how you could grind this hard, day in and day out yet still have 10, 15, 20, 25, 30 years left until you reach financial independence/retirement. However,…
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Should I Pay Off My Mortgage or Invest?
This is a common debate amongst people on their way to retirement/financial independence and one that likely has multiple financial and psychological components. Meaning that there likely isn’t one cookie cutter answer to this question. So before making such a big decision, this question deserves some serious thought. This post will by no means be a post telling you what you should do in your own situation, but it will be informative about what the math says about this decision. Thus allowing you to create an equation for your own unique situation/circumstances so that you have all the information available before you make the best decision for you. To Pay…
