Part 3/6:
Guided by Dave's insights, it becomes clear that opting to pay off the mortgage could significantly alter Zach’s financial landscape. With a steady income of $62,000, and no consumer debt, the idea of paying off the house emerges as a strategic move that could relieve monthly financial pressures.
A Strategy for Financial Freedom
Dave recommends that Zach should prioritize comprehensive retirement planning while also tackling the mortgage. The dialogue emphasizes the importance of beginning retirement contributions early — specifically advocating to set aside 15% of his income into retirement accounts such as Roth IRAs or a 401(k), if available through his employer.