[Hondaracer]

I also think paying down a mortgage and prioritizing that is such an old school way of thinking. If you’re on a variable rate and you get back down to 3.5 or lower, you’ve gotta start making fewer payments on the mortgage and more into a portfolio.

This again is a scenario where you parents are likely going to drag down your future if they have the mindset of mortgage over everything. My parents, now in their mid 60’s, one of their biggest regrets is having thay mentality as opposed to building wealth when money was cheap.

When they were both working they had a household income of over 400k and for the last 5-6 years have focused on growing wealth as opposed to paying off their mortgage completely. They still carry a minuscule mortgage but they’ve VASTLY increased their retirement savings by prioritizing investments over their mortgage.

If you’re parents aren’t into that and just continue these double payment, lump sum, mortgage reducers, honestly this is a great way to stay average/poor forever imo.