Pay Off Mortgage or Invest in RRSP? Which Is Better?

Should you pay off your mortgage or invest in your RRSP to get the most bang for your buck over the long term? Most people will say whichever has the higher interest rate or rate of return should be your answer... but that's not the full story. There are a few things they're forgetting about which is why in this short video I'm going to show you the RIGHT way to make this calculation so you can understand which one is better once and for all.

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I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, blogger, YouTuber, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into my full-time business so I could spend all my time teaching others how they can take control of their lives by taking control of their money. To learn more, check out my website https://jessicamoorhouse.com

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The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/