Let’s say you have some extra money available each month. Should you pay down your mortgage more quickly, or invest that surplus? Or maybe you have an inheritance coming – should you pay off your mortgage or invest it? It’s a question which isn’t easily answered, because maths and emotion are often at odds.

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.

You can see what they’re up to at 7im.co.uk

In this session you will discover:

• The pros and cons of paying off your mortgage early
• The pros and cons of investing for the future!
• How inflation works both for and against you
• The one big argument in favour of NOT paying down your mortgage
• And the one big counter argument to that!
• How much I am paying against my mortgage and paying into long-term investments
• Why you should be glad you're not like Mr Spock

There are lots of elements to this choice, and many you may not have thought of. We tend to get swayed either by our innate desire to pay off debt, or by our desire for adventurous, unknown futures. Well, some of us anyway! For the full run-down, click the blue button below.

Resources mentioned in the show

Getting Started pages here on MeaningfulMoney

Learn How To Budget course on MeaningfulUniversity

Pay off mortgage early or invest post on FinancialMentor.com

For the cheatsheet I mentioned in the show which summarises the pros and cons of each route, click the big yellow button below:

Join the conversation

I love to read and respond to your comments, so please do join in and share: Question: What would rather do – pay off your mortgage or invest?

Share the love

My thanks to Chance Last AKA Ruth for her review this week!

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: