Paying off your mortgage early is a decision many homeowners contemplate; after all, the allure of being debt-free sooner and saving on interest can be mighty tempting. If you’re ready to start paying your mortgage more aggressively, you should know that not all paths to financial freedom are created equal. There are right ways – and wrong ways – to go about reducing your mortgage burden. Here we share the pros and cons of paying off your mortgage early, and some helpful tips.

Millennials and Gen-Z’ers are facing a financial landscape that is very different from the one their parents and grandparents grew up in. At times it may seem bleak: the cost of living is rising, wages are stagnant, and student loan debt is at an all-time high. But even with these challenges, young people still have plenty of ways to overcome the obstacles they face and they can learn to build wealth at a young age.

Helping our clients build wealth is one of the things that brings us the most satisfaction at Myrick CPA. Here are some observations that may be helpful if you're working at building wealth but don't come from money yourself.