Paying Off YOUR Mortgage Increases Net Worth, Charity and Peace of Min

In my recent research I've come to the conclusion the number one thing retirees can do to secure their retirement is NOT to carry a mortgage.   The data is starting to be overwhelmingly evident in my estimation. I'll share more and more as we go forward.  In this video though I use "Table 1702. Housing tenure and type of area: Annual expenditure means, shares, standard errors, and coefficients of variation, Consumer Expenditure Survey, 2015" to "prove" how a mortgage hurts charitable giving, increasing one's networth and even one's sense of peace in their financial circumstance.  (BE advised, you can't PROVE one's sense of peace, but given the numbers I share with you here, tell me the folks with a mortgage are not MORE stressed than the one's without a mortgage even though the one's without a mortgage have SIGNFICANTLY LESS income.) It's actually amazing too that we've been soooo freaking trained to look at retirement planning as what percentage of pre-retirement income do we need, i.e., "Replacement income" when in fact that has nothing to do with anything.  The only thing that matters for retirees is the income they need!  If the income they need is low, because say they have NO MORTGAGE, who cares what their income replacement ratio is! Everything is contingent on income need. Solve that and you have solved the puzzle that seemingly escapes all the smartest people in the world.  https://www.bls.gov/cex/2015/combined/tenure.pdf ================================ If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 My Amazon Product page:  https://www.amazon.com/shop/heritagewealthplanning Anything you buy there Amazon pays me a commission.  Much appreciated! If you received value from this video and/or channel, and want to say thanks, feel free to send a donation via Paypal. I'm not too proud to ask! https://bit.ly/2Gq1QsE Contact me: [email protected] GET MY BOOKS:   ALL are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It https://amzn.to/2LHwQpt Strategic Money Planning: 8 Easy Ways To Put Your House In Order https://amzn.to/2wKGi50 State by State Tax Guide For Retirees: https://amzn.to/2A1TmkH GET ALL MY LATEST BLOGPOSTS: https://heritagewealthplanning.com PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 http://heritagewealthplanning.com/category/podcasts/ LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910