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018 - Good Debt vs Bad Debt: Why a 5M-Sub Investor Paid Off His 2.875% Mortgage
Is a mortgage good debt or bad debt? In this episode of The Loan Daddy Podcast, Scott Nadler breaks down the mindset shift happening around debt — why a real estate investor with over 5 million subscribers just paid off three 2.875% mortgages and said Dave Ramsey was right, and what that means for how real estate agents talk to their clients.
Inside: the math-vs-feelings tension behind paying off cheap debt, the $1 million cash-vs-finance example ($400K down leaves $600K liquid), the Fed's homeowner vs. renter net worth data ($396,000 vs. $10,400 — and what that stat does and doesn't mean)…
The skinny
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