RAMSEY: Pay off a mortgage, bank no longer charges interest

pared a zero-risk investment with a risk investment, and you shouldn’t do that. You must factor in risk so you can accurately compare one investment to another.

Every time you pay off a mortgage, the bank no longer charges you interest. That’s zero risk compared to a mutual fund, which does have risk. Remember, if your house was paid for you wouldn’t borrow $300,000 against it to invest in mutual funds!

EDITOR’SNOTE:Dave Ramsey is America’s trusted voice on money and business. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.