Cayla Craft
Cayla Craft
Pay Down Mortgage or Invest
Pay Down Mortgage or Invest
Pay Down Mortgage or Invest
Friday 1st July 2022
Cayla Craft explores whether paying off your mortgage or investing is smarter. Tune in for practical tips and personal insights.
9 minutes
Empowering
Informative
Encouraging
Authentic
Motivational
About this podcast
Author:
Cayla Craft
Overview:
Categories:
Entrepreneurship for Personal Growth
Body & Mind
Spiritual & Personal Growth Journeys
Sobriety Success Stories
Parenting & Children
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Episodes:
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Get the buttons here!Mortgage Payoff or Investment? Cayla Craft’s Financial Wisdom
You don't own the home right. You're paying the bank. You're leveraging your credit and your income to stay in that home and to make it yours and to have that beautiful property. Now, what's going to happen if you pay your mortgage down so you owe the bank nothing and you own that property outright and you live in it? It's not going to make you any money, unless you want to rent out a room, unless you want to build a back unit where you can rent it out, or you could rent it out on peerspace, and rent out parts of your home to make income from it.
Money decisions can be tricky, especially when it comes to choosing between paying off your mortgage or investing. In this thought-provoking episode of 'Mommy Millionaire', Cayla Craft dives into this financial dilemma, inspired by a question from her Instagram followers. Known for her passion for investing and financial strategies, Cayla shares her perspective on why simply paying down your mortgage might not be the best use of your money.
Cayla argues that owning your home outright doesn’t necessarily make you money. Instead, she suggests putting your funds into investments that have the potential to multiply, even in tough economic times. She gives a peek into her own investment choices, such as self-storage units and cryptocurrency, highlighting the importance of choosing recession-proof ventures. While she’s clear that this isn’t financial advice, Cayla offers a glimpse into her personal strategies and what has worked for her.
She emphasizes the value of education and partnering with experts, especially for those new to the world of real estate and investing. Her message is clear: let your money work for you, not the other way around. For anyone feeling stuck in the paycheck-to-paycheck cycle or looking to make smarter financial moves, this episode is packed with practical insights and real-life experiences. Cayla’s straightforward and candid approach makes complex financial concepts accessible and actionable.
Tune in to 'Mommy Millionaire' and get inspired to take control of your financial future.