1709: [Part 1] Should I Refinance My Mortgage by Scott Rieckens of Playing With Fire on Home Loan Savings

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 13 November 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Rieckens of Playing With Fire helps you decide whether or not you should refinance your mortgage. This is part 1 of 2. Episode 1709: [Part 1] Should I Refinance My Mortgage by Scott Rieckens of Playing With Fire on Home Loan Savings A successful entrepreneur living in Southern California, Scott Rieckens had built a “dream life”: a happy marriage, a two-year-old daughter, a membership to a boat club, and a BMW in the driveway. But underneath the surface, Scott was creatively stifled, depressed, and overworked trying to help pay for his family’s beach-town lifestyle. Then one day, Scott listened to a podcast interview that changed his life. Five months later, he had quit his job, convinced his family to leave their home, and cut their expenses in half. Follow Scott and his family as they devote everything to FIRE (Financial Independence Retire Early), a subculture obsessed with maximizing wealth and happiness. Filled with inspiring case studies and powerful advice, Playing with FIRE is one family’s journey to acquire the one thing money can’t buy: a simpler — and happier — life. The original post is located here: https://www.playingwithfire.co/blog/refinance-my-mortgage Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1709.
0:03.9	Should I refinance my mortgage?
0:05.8	Part 1 by Scott Rickens of Playing with Fire.co
0:10.4	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.5	I have a new author for you today.
0:16.5	I'll tell you more about Scott right after the reading,
0:19.0	and it's a bit of a longer post,
0:21.2	so I'll read the first half today and then finish the rest for you tomorrow.
0:25.9	So with that, let's dive into the first half
0:28.4	and start optimizing your life.
0:34.4	Should I refinance my mortgage?
0:36.4	Part 1 by Scott Rickens of Playing with Fire.co
0:41.7	Interest rates are low right now,
0:43.3	so you've probably heard a lot of people talking about refinancing their home mortgage.
0:48.6	While refinancing can save you money,
0:51.0	it's not always a slam dunk decision,
0:53.8	especially when it comes to financial independence.
0:56.7	When used correctly, refinancing a mortgage can be a great choice.
1:01.1	When used incorrectly, it could lead you down a slippery slope
1:04.9	of never paying off your debt.
1:07.0	We'll walk you through when and how to refinance your mortgage.
1:11.4	What is mortgage refinancing?
	...

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