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🗓️ 17 October 2024
⏱️ 9 minutes
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0:14.8 | Should you pay off your mortgage or invest that money? Well if you've been following me for any length of time you know I'm a big proponent of A buying performing assets through investing in real estate and B paying off your mortgage early yes indeed both |
0:19.7 | financial strategies have the potential to create substantial results, buying real estate, |
0:25.1 | I mean it changed my life. |
0:26.5 | And I've watched it transform the financial situations and futures for many families we've |
0:30.6 | worked with at Morris Invest. After all all investing is the number one way to build |
0:35.0 | wealth in the United States. Hands down, nothing even comes close to it. The benefits are |
0:39.9 | endless. Buying real estate offers passive income, it's a hedge against inflation, which by the way the Fed just admitted is going to be persistent and growing. |
0:49.0 | So a hedge against inflation, the tax benefits are phenomenal, and there's so much more. |
0:55.5 | And as for the mortgage though, mortgage housing is the number one expense for most Americans, |
0:59.9 | although credit card debt is now creeping up there but yes mortgage debt is the |
1:04.8 | number one expense for most Americans. The average mortgage payment the United |
1:08.8 | States is above $2,500 a month and on a-year mortgage, that really adds up over time. |
1:15.7 | Paying off your mortgage can give you a lot of freedom in your budget, and it cuts down on the |
1:19.2 | amount of interest that you're going to pay back to the bank. |
1:21.6 | For me, when I learned the strategy to pay down my mortgage |
1:25.2 | quickly, I was quick to put it to work and then I wrote a whole book about it. It's called |
1:29.7 | how to pay off your mortgage in five years. It's available on Amazon. You can grab the Kindle version. |
1:35.0 | The Kindle version is $4.99. So $5 that literally could change and save you hundreds of thousands of dollars. |
1:42.3 | One of my best friends from high school |
1:43.5 | reached out to me recently and said he followed the book and he and his wife |
1:47.6 | paid off their house in five years almost to the month they paid it off and he |
1:51.4 | said it was unbelievable and mind-blowing that no one knows |
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