Highlights of today’s show:

• What to do after your consumer debt is gone; save for retirement or pay extra on the mortgage
  
• Pros and Cons of investing for retirement
  
• Pros and Cons of paying extra on the mortgage
  
• Why my wife and I currently do both
  
• What I have been reading lately
  

What
would your rather do with your extra money each month; invest for
retirement or pay extra on the mortgage. Now no matter what you do,
investing for retirement and paying extra on the mortgage are both good
things to do.  But is one preferable to the other? Today we break down
the pros and cons of doing each and I share what my wife and I are
currently doing with our extra money.

To
get more information on investing for retirement and paying extra on
the mortgage check out the following podcast lessons and blog posts:

Investing for retirement

• JW’s Financial Coaching Podcast Lesson #24-4-1-1 on investing with guest Devin Czech
  
  
• JW’s Financial Coaching Podcast-Investing 101
  
  
• Why I continue to invest when no one else does
  
  
• Are you on pace for retirement?
  
  

Paying extra on the mortgage

• Paying off the mortgage is a marathon; not a sprint
  
  
• 15 year vs. 30 year mortgage revisited
  
  
• Is paying off the mortgage a goal for you?
  
  

In
addition I also share what I have been reading lately. Reading is still
one of the best ways to learn. Even though I love reading about
personal finance that’s not the only thing I encourage you to read.
Right now I am reading Meg Meeker’s Boys Should Be Boys: 7 Secrets to Raising Healthy Sons. This book has really helped and encourage me to be a better dad for my boys. To listen to this and other books please checkout audible.com and  and visit jwfinancialcoaching.com/audible to receive a free download of an audio book of your choice.

Enjoyed this lesson? If so please consider taking five minutes to leave a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes.

You can subscribe to future podcasts through Feedburner, Stitcher SmartRadio, iTunes, or by downloading the iPhone app. Or you may listen to the podcast on the JW’s Financial Coaching Facebook Fan page.

If
you have any comments, questions, or ideas for future shows you can
send them to me and I will integrate them into a future show. There are
two ways to get in touch with me: 1.) Email me at JWFinancialcoaching@gmail.com -
Please put “podcast†in the subject line and keep your questions brief
so they are readable on air. 2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.