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From moderator's desk By increasing the amount that you pay towards your mortgage installment every month, you can actually save huge on interest. This money you can invest more efficiently elsewhere. Want to know more about the idea….watch it out.
About Video :
You have got a little extra cash coming in do you invest it, or would it be smarter to pay extra on your mortgage?Lets find out: simple answers to complex questions: thats coming up on Money Talks.
Yes but, the thing is, you don't always get a return on your investments. While I definitely agree with having a 401K plan or some type of retirement plan, that may not pay off either! Anyway, I think I would choose the route of paying off my mortgage quicker than chancing an investment, especially the stock market, but that's just me. I've never been too much of a gambler. I would still recommend this video though, it's informative and easy to comprehend.
