@channelnewsasia: With the US Federal Reserve raising interest rates and borrowing costs rising, you may be tempted to pay down some debt. But putting too much cash into paying down a mortgage could leave you short on liquidity when you need it most. MoneyOwl's Chuin Ting Weber joins Andrea Heng on the Money Talks podcast to explain: • Why paying down a mortgage can create liquidity risk • How rising interest rates factor into the decision to repay debt or invest • What you need to settle before making additional debt repayments #MoneyTalksPodcast #Mortgage #Debt #PersonalFinance #Singapore

syukriwilis :

This is why you need to have 3-6 months in emergency fund in the event of a layoff.

sohmh2020 :

not paying the mortgage earlier because borrowing rate is only slightly lower than risk free return in my opinion is not very wise. Because one is taking the risk to pay the bank the borrowing rate while he himself is gaining a return lesser that gha bank. As long as I have set aside sufficient emergency fund, I will try to clear my debts.

Hakim Halim :

If you have the excess, means you’re a saver. Means you can pay off early and still continue to save. It’s a mindset and habit. Pay off early, you won’t regret :)

elijahbaley :

bring debt free is the bestest feeling in the world.

LiewSC :

Pay off using CPF OA simple as that, can’t take out before 55yo anyway

ggmu888888 :

Ya that’s why need to have 12 months of emergency fund before thinking about paying down mortgage or investing.

Y0Y0Y0 :

wow so the people in Switzerland who have no debt for many years and living in luxury for so many years cash rich with no debt, your saying this method works ? wow amazing how advice is given

Lex Sonostra :

True

Alfa :

Nearly all my peers have nil mortgage. I still have some. I have put off clearing it off completely.

Aceywaysey :

first

cosmiclibra :

it is not a small interest rate

ahhu832 :

BOOMS HO | 何文森 :

just don't get into debt, problem solved.

Lalabu :

CASH IS KING

luckymodena :

this is common sense what else is new

prahu644 :

[Innocent][Innocent][Innocent]