I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Thursday 23 June 2011

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (10)

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (9)

Fully paid home may go beyond the Returns of investment dollars and opportunity cost

What is the dollar value of the Mind of Peace and Beloved Gift to your family when you are gone?

The best gifts to leave behind for our family when we are gone are (1) fully paid home (if not, then fully insured mortgage insurance), (2) adequate life insurance coverage and (3) well written Will.

We should aim for ONE THING LESS to worry for them.

So, what is the dollar value of this One Thing less to worry for your family? Anyone?
Posted by Createwealth8888 at 12:57
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3 comments:

  1. so1trg23 June 2011 at 13:54:00 GMT+8

    I agree with you.

    But I would just like to point out that on the other side of the fence; the reason why we are worried is because of fear. The fear of scarcity, the fear of insecurity, the fear of not enough. Its the fear that drives our action to pay up for our mortagage loans etc.

    ReplyDelete
  2. Createwealth888823 June 2011 at 19:33:00 GMT+8

    "the fear that drives our action to pay up for our mortagage loans etc"

    Not sure how truth is this statement.

    After debt free, I am all out to invest for bigger returns and take bigger risks. In fact, I was less fearful in my investing strategy.

    Probably, the statement is true for those are not aggressive in their investing strategies after debt free.

    ReplyDelete
  3. financialray24 June 2011 at 09:10:00 GMT+8

    If you invest in properties, then unlikely you will be debt free.
    If the property investment is handled well, like with a fully covered mortgage insurance, the dependents may even get a windfall should the investor meet with a major mishap.

    ReplyDelete

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