Optimizing Financial Freedom: Balancing Mortgage Payoff and Wealth Building Strategies | Brian Preston, Founder, Abound Wealth Management LLC. 00:10:00
Andy Hill hosts the "Marriage, Kids and Money" podcast, where he discusses the nuanced considerations of paying off mortgages early. In this episode, Andy explores the perspective with Brian Preston, a fee-only financial planner and host of the "Money Guy Show." They delve into why early mortgage payoff isn't always the best financial move, particularly for younger individuals focused on wealth accumulation. Brian emphasizes the opportunity cost of allocating funds towards low-interest debt versus long-term investments, urging listeners to prioritize retirement savings and employer matches before accelerating mortgage payments.