Quote:
Originally Posted by 1stLand
Not sure why this thread turned into a discussion about investments. The thread title states "Canadian's naive about how long they'll be in debt", not "Canadians looking for better investment options"
Most Canadians don't have any savings at all, so not sure why investment guru's are chiming in and advising whether its better to make investments above paying off one's mortgage.
RRSP's and Investments are overrated. Effective in reducing your tax liability, but useless if used solely as your retirement strategy.
Pay off your mortgage first!
Quit buying Shi* you dont need!
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I think the point a lot of the 'investment gurus' have is that there are more options than simply the default option of paying off your mortgage everytime you have extra cash.