What financial planners teach their children

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  • Mom of 8 Hyrum, UT
    Sept. 14, 2015 12:10 p.m.

    @USAlover:

    Good for you! I wished we could do that, but our goal is to get our mortgage paid off before we retire. We have relatives who haven't, and now in their 70s they are struggling mightily to make their mortgage payments. They've been in the same house over 30 years, but always borrowed against it (advice given them by a financial planner) and now they're underwater in a big way.

  • USAlover Salt Lake City, UT
    Sept. 14, 2015 9:50 a.m.

    Nearly every financial planner told me not to pay off my house early.

    That's when I stopped listening to financial planners. They'll tell you to do what makes them a little money.

    BTW, I paid off my home at age 40 and it was the best thing in the world to do.

  • suchfun1 St.George, UT
    Sept. 14, 2015 8:40 a.m.

    As a financial planner, YOU need to make as much money as you possibly can.
    The economy can go south at anytime.
    Be sure to take care of yourself first and foremost.

  • one vote Salt Lake City, UT
    Sept. 14, 2015 7:45 a.m.

    Buy low, sell high.