Do NOT Pay Off Your Mortgage ⛔️

Do not pay off your mortgage. Have the government pay your mortgage off for you. Now, before I get a load of hate, because I probably will, you are taught by the system how to become a consumer for the system. So you are the single way that the banks make profit. And you have this fantasy you are given that the goal one day in life is to pay off your mortgage. That's success in life. But that is unleveraged money and that's actually usually a bad investment decision. Now I have 345 real estate investments. Rental property, so I can give you personal experience here. Now this is financial experience, not financial knowledge. You won't get taught this in school. Okay, right. So here's why you should not pay off your mortgage. There's about 4 big reasons. I think you're going to love them all. It might change the way you look at things. Number 1 is right now interest rates for residential mortgage, 3.8, 4, 4 and a bit percent. So the stock market's returned 11% average in something like Vanguard Life Strategy. That fund has returned 11%, maybe 12% in the past decade plus. I'm not saying it will continue to do that forever, but long term it seems to be 8% plus. So your mortgage costs you 4% and you can get 8% just putting what you would have paid off in your mortgage just into a a fund of funds like Vanguard LifeStrategy. So on the simplest level, you're net 4% a year compounded over the years better off not paying your mortgage off. So that's reason number 1. Now, if you put whatever you would have paid your mortgage off in an investment that's returning 8%, in 5 or 10 or 15 years you'll probably have maybe an asset portfolio that you can retire on. At the very least, in a few years you'll have enough passive income from the assets to pay the mortgage off, and so your mortgage payments become free. And this is a trick I actually learned from Robert Kiyosaki 20 years ago. Use assets to pay off liabilities. Now some people say that your own home is a liability. That's for another life because I actually don't fully agree. However, what you do is you get assets from the, the money you would have paid your mortgage off with, and then as soon as you get to a grand or $1,500 a month, which can be done in a few short years if you do it properly, and then that pays your mortgage off for you and your mortgage is free. So why would you pay it off? So you can get better returns in most asset classes, you can pay off your mortgage from assets with the money you would have paid your mortgage off with, The next thing though, which is massive, is the government can pay your mortgage off for you. And people don't understand this. How do they do that? Well, inflation— I'll simplify inflation. Inflation is increased cost of living. So as inflation goes up, everything costs you more relatively. So what it does is it wipes out what you can buy with the same amount of money. But it also wipes out the cost of debt to the same level. So since lockdown 2020, inflation has been more than 35%, you know, cumulative in total. So that means what you can buy for a pound or dollar is 35 pence less, or 35% less. The 65 pence is the same buying power as what a pound was 5 years ago. But that also means whatever debt you have, the debt that was a pound is now worth 65 pence. So in lockdown, when inflation was double digits and I've got tens of millions of pounds worth of mortgages, this high inflation was paying off my mortgages by millions of pounds a year. Now, I'm not just saying go and get the biggest, most expensive mortgage ever. Remember, get one in the 4s percent get— put all the extra money in something that gives you in the 8s or 12s return. Then you can add leverage by getting mortgages on other property investments. And then, because the government need to pay off their trillions and they're not going to do it by repayments, they're only going to do it by money printing, inflation. The government are going to pay off your mortgages over time with inflation. Now, if you pay off your mortgage, then your money is going down in value, but the debt that you've leveraged isn't going down in value. Give me a yes in the comments if this makes sense. Let me do a quick summary. So here are many good reasons why you shouldn't pay off your mortgage. Number 1 is right now you can get a mortgage in the 4s percent, and you can get returns in the 8% plus easily without too much experience and knowledge. Number 2 is the government will pay off your mortgage for you with inflation over time. Number 3 is the assets over time that you're putting the extra money in that you're not paying your mortgage off with, the passive, the recurring income from them will pay off your mortgage each month and then the mortgage is free. Here's another reason you shouldn't pay off your mortgage. I'm going to get a load of hate for this, that's fine, you can share this with the people. So the next thing is the mortgage companies play a little bit of a cheeky trick. I know why they do it, but it's cheeky. So you know if you've got a 25-year mortgage, you might have thought, well, after year 1, I've paid off 1/25th of my mortgage. If you're doing a repayment mortgage, you're not. What they do is you pay nearly all interest and hardly any repayment in year 1, year 2, year 3, year 4, year 5. And in the last 5 years, you're paying off nearly all repayment and a tiny bit of interest. So what it actually means is that in the first few years, which is you're probably going to remortgage every few years to get a better rate, to get a better mortgage company anyway, you're paying off nearly all interest and virtually no capital. So what's the point? So what people do is they think, oh, the goal is to pay off the mortgage, but every 3 or 5 years they remortgage onto another company and they end up having a mortgage for life anyway. So if you're going to have a mortgage for life, which of course the banks want, You might as well have a mortgage for life that the government and the banks are paying off that you're using to leverage into assets and the assets are paying off the mortgage so the mortgage is free and you've freed up hundreds of thousands of pounds in that term that you can put into assets. And this is not taught in school, but it is taught in mymoney.school. So if you want better financial education like this, I learned this doing it by the way, I've done it 345 times, So if you'd like better financial knowledge, you'd like to learn what you should have been taught in school but weren't about money, you'd like to learn about property investing, building income streams, getting better assets, being better savvy with your finances, you want to start, scale your business, multiple streams of income, etc., you want to beat the banks at their own game, I recommend you join money.school. So money.school is my online global money school. Which is disrupting the traditional education system because it's teaching everything about building personal wealth and mastering your personal finances. It's teaching you everything that the current school system doesn't. The reason the current school system doesn't teach you it is because then you, you would not help the banks profit as much as they do. You're essentially the one income source and stream from the— for the banks. And they're smarter than you and you need to get smarter than them. So if you want to join money.school and get hundreds of hours of courses, resources, and masterclasses to make, manage, and multiply money, it's less than 20— no, it's less than 50p a day. So one day of what I spend on coffee gives you a month's membership inside money.school. You can cancel any time. There's no ongoing contract. We've got lots of great masterclasses in there, hundreds of hours. We've got 12,000+ lifetime members, so you're in a great community. So if you want to get better financial knowledge, go join. So the link is money.school. You just, you can't click it, you're going to need to go and type it in, money.school. You can cancel anytime, so there's no risk. If you want to go in and try some of the masterclasses, we did one just 2 days ago on how to raise money upfront without giving away equity or without borrowing it. On how to raise sponsorship money, how to make 3 grand a month on 3 hours a week, how to make 5 grand a month on 5 hours a week, and 10 grand a month on 10 hours a week. There's separate masterclasses on all of those. I'm doing a 3-hour masterclass on how to build an information business from scratch, the step-by-step process. I've done one that does more than 20 million a year in sales. Gosha says, I'm a part of money.school and it's awesome. There's a financial homeschooling series for kids. If you want to get your kids free access, you can just give them your login Kids 18 or under go for free inside money.school. That's my way of giving back. There's a 3-hour Money Mastery series I did for a really big influencer, and I, I retain the ownership of it inside money.school. I'm one of the biggest, most famous people on the planet. And then there's a 12-hour Money Mastermind University series. So basically, if I was creating a master a university mastermind degree on money, stuff like this, instead of, you know, get a job. So the link is money.school. Right now, the education system needs disrupting. Right now, the economy is going to shit. Right now, taxation is going through the roof, and it's only going to get more with the recent revelations from the Labour government. You need to protect yourself. We're closest we've been probably to World War III. We're increasing our defense budget. We've got 13 threats to our country which we're publishing, which, 'cause we're stupid. So the best way to defend yourself against all of this is have good financial knowledge, build multiple streams of income, build assets that are indestructible, build passive or recurring income, and build your personal wealth. Now, inside money.school, there's also masterclasses on getting your tax bill down. There's masterclasses on leveraging AI for a bit more outsourcing and automation. So it's basically what you should be taught. Imagine getting all the combined collated knowledge of millionaires and billionaires and the richest, most successful people in the world and having it all in one platform and place. And imagine it costing about the same as what I spend on coffee a day. That's what Money.School is. So go join Money.School right now and don't pay off your mortgage. Quick summary: if you pay off your mortgage, then it's going to cost you over the term 2.5 times the mortgage. You'll probably remortgage a couple of times because that'll probably cost you 3.5 to 4 times the value of the mortgage. You could end up paying a million or 2 million or 5 million quids worth of capital and interest. Whereas if you just pay off the interest, then the government are paying off your mortgage for you with inflation. You can easily double beat the return you're getting costing— a mortgage might cost you 4, 4.5% today, but you're getting 11% a year for the last decade in the stock market. So there's much better use of capital. You can invest in assets with the money you don't pay your mortgage off with, and then that income can pay your mortgage off for you so your house is free for life. Oh, by the way, we do property investing content inside Money.School, so if you want to learn how to do that in more detail, go and join right now at Money.School. And let me know in the comments, are you paying off your mortgage? Have you paid off your mortgage? Were you thinking about paying off your mortgage? Have you changed your mind about paying off your mortgage? Did you agree with me about not paying off your mortgage? Let me know in the comments.