Warning, do not pay off your mortgage (yet)*
Now, I have this on good authority from the ex-chancellor of the UK
He said to me that the government ‘are pushing up inflation as a strategy’
This means the value of your money is going down, but also:
1. The value of your debt is going down
2. The value of the asset will (over time) go up
There's more reasons to not pay off your mortgage yet*, but right now the main one is because the government are going to pay your mortgage off for you
The government have nearly 3 trillion in debt
They're not going to pay it back anytime soon it seems, so inflation increases and it pays off their debt through the back door, but it also pays off your mortgage
And when you add war and energy and oil and food and, importantly, higher interest rates, your actual REAL lifestyle inflation is significantly more
And you reduce your monthly repayments, which you can reinvest into assets that appreciate
AND assets like property are much cheaper now the crash has already started
See next comment below 👇🏻