Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Smart Money Moves: Pay Down Debt OR Invest? | Bill Bloom

17 Mar 2025 · 1 min

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0:51

Bill Bloom has a 2.75% mortgage on an $850,000 house with $413,000 left to pay. He argues it makes more sense to invest the money than pay down the debt early, since he can earn higher returns elsewhere. He'd convert it to a rental if he moves.

Questions this video answers

2.75%.

$850,000.

$413,000.

Three years.

Chapters

No personal debt. The thing is, for our house, I'll be very open and honest. Like, we have a 2.75% mortgage rate on our house. Our house was $850,000. We only owe 413,000 on it. So I paid half of it off in three years. All right, but we're only paying a small amount of interest because I've already paid down the first 15 years already. Half of it's gone. So it's not that big of a deal. I'm making a lot more money on my money versus a 2.75% mortgage. So that's where you want to be. And inevitably, if we ever move out of this house, we'll keep it and rent it because we can cash flow and make a couple thousand dollars a month.