Is Making Extra Mortgage Payments Worthwhile? – Wharton Finance Professor Michael Roberts
Episode Description
EPISODE OVERVIEW Worried about your money? Wharton finance professor Michael Roberts is here to help with common-sense advice on mortgage payments, mortgage debt, personal budgeting, and planning ahead. This episode is part of a series on getting a “Fresh Start" this new year.
Topics and questions covered: 00:00 - Introduction 01:15 - Finance of Mortgages and Considering Investment Portfolio 06:10 - Financial Literacy 07:20 - Financial Planning Strategies 10:10 - Rising Credit Debt and Interests Rates 11:16 - Homes as Investments 12:40 - Importance of Awareness in Investments
PODCAST OVERVIEW Every day, business scholars answer pressing questions in their research - but what do their insights mean for you? In this podcast, Wharton faculty dive into what inspired their studies and how their findings resonate with the world today. Learn how research insights translate into knowledge you can use, with host Dan Loney.
Learn more at http://whr.tn/rippleeffect.
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Brief Summary
Michael Roberts discusses mortgage management, financial literacy, and investment strategies for better financial health.
Key points
- Understanding Mortgages as Assets. If people understand the mechanics of mortgages, they can see them as potential assets rather than stressors.
- The Importance of Financial Literacy. Teaching financial literacy at a young age can have massive long-term benefits.
- Monthly Financial Check-ins. Regularly reviewing finances can lead to better long-term financial health.
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Episode highlights
- Understanding Mortgages as AssetsIf people understand the mechanics of mortgages, they can see them as potential assets rather than stressors.“It can be less of a stressor and actually become a potential asset.”0:24Jan 9, 2024
- The Importance of Financial LiteracyTeaching financial literacy at a young age can have massive long-term benefits.“Just a basic understanding of some basic financial principles can pay massive dividends.”7:01Jan 9, 2024
- Monthly Financial Check-insRegularly reviewing finances can lead to better long-term financial health.“It’s always a good time to have a look at that.”7:54Jan 9, 2024





