It is great that many people are now searching for good financial advice. With past generations, the typical financial advice passed down from parents to children was: buy a home, pay it off as quickly as possible and then - if you’re really good at managing your money - buy an investment property. Unfortunately, there are still a lot of people who think this is the safest and smartest way of increasing their wealth. Banks are still encouraging their mortgagees to pay off their homes “in only 8 years!” There are even ‘investment’ books that herald how quickly you can pay off your mortgage. Just follow these steps. But it’s the wrong long-term investment strategy. It always was and still is today.

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