DON’T PAY OFF YOUR MORTGAGE! (Do this instead) | Canadian Tax Free Savings Account (TFSA) Advice

In this video I discuss why Canadians shouldn’t pay off their mortgage faster, but rather max out their tax free savings account.

Many Canadians are fast track paying off their mortgage. Most mortgages have terms that allow a certain amount to be paid off faster each year. And lots of financial advisors tell people to do this and show them the math of how much interest they’ll save over time.

But, in my opinion, it’s much smarter to put that extra money into your TFSA... if you have room!

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[Not financial advice. I'm not a financial advisor. I am a guy with a paper bag on his head who loves investing and thinking about the future. Do your own research and think for yourself.]

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Видео DON’T PAY OFF YOUR MORTGAGE! (Do this instead) | Canadian Tax Free Savings Account (TFSA) Advice канала Paper Bag Investor