Debt
Not all debt is the same, and treating a credit card balance the same way you treat a mortgage is one of the most expensive mistakes people make in their 40s and 50s. The videos below break down which debt to attack first, which debt can actually work in your favor, and why the payoff order that made sense at 30 often doesn’t hold up once retirement is on the horizon.
Latest videos on debt
The Debt Payoff Trap: Why Paying Off Your Mortgage After 60 Could Cost You Your Retirement
The difference between “financial cancer” and “structural debt” — and why paying off your house early can quietly cost you six figures after 60.
The Debt Payoff Order That Saves the Most Money (Most People Get This Wrong)
The standard “highest interest first” advice was built for 28-year-olds. Here’s the payoff order that actually makes sense once retirement is five to fifteen years out.
Jack’s Tip
Not all debt deserves the same urgency. A 22% credit card and a 3.5% mortgage are not the same problem — treating them identically is how good intentions turn into a bad plan.