This topic was interesting because as people accumulate more wealth, it is very important decision of how to make you money works more efficient to you. Under vary economic circumstance, investing, reducing debt or borrowing are all importance part of financial planning. There is no standard answer, all aspects have to be taken into consideration. I am inspired by the idea of borrowing to invest, the opportunity cost of investing against mortgage payment is comparative low, especially under high inflation economic circumstances.

This topic is relevant to me because it is the topic I am thinking about under current RRSP season. I have a mortgage and also RRSP account, after considering interest rate, tax blanket, inflation, risk tolerance, cash flow and finance ability, I decided to contribute into RRSP instead of payoff mortgage. My mortgage interest rate is 1.6%, current inflation rate is 5%, it is obvious that contribution of RRSP will benefit me most.

I would share with my family that use all resource on the wall to support your decision. Financial planning is very personal, other's choose may not apply to you. Equipping yourself with finance knowledge, seeking advise from professional are important to help you make a reasonable decision. No one knows you better than yourself about your financial goals, rick tolerance, relationship with bank, job prosperity and so on. If you want to be benefit from financial planning, you have to be more knowledge about finance.