Pay off mortgage or borrow off of house

[Warrens69GMC]

Originally Posted by truckin 79

Thanks for all the good info a lot of good stuff there. The only real debt we have is the house everything else is paid off. I will be 55 next year and just want to make my money start working harder for me. My wife is the suspicious type and thinks everyone is out to steal our money, I guess she is right to a degree. I really need to talk to a finance advisor and maybe he can convince her we should invest more or our money sitting in the bank doing nothing but earning 0.08%.

I invested 15k in BITO, and I'm on par to to get 53% in dividends back this year.

[72c20customcamper]

Originally Posted by truckin 79

Thanks for all the good info a lot of good stuff there. The only real debt we have is the house everything else is paid off. I will be 55 next year and just want to make my money start working harder for me. My wife is the suspicious type and thinks everyone is out to steal our money, I guess she is right to a degree. I really need to talk to a finance advisor and maybe he can convince her we should invest more or our money sitting in the bank doing nothing but earning 0.08%.

At that rate you’re losing money .I’m currently earning 4% on my liquid savings