27% of Homeowners Don't Know This
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 26 February 2020
ā±ļø 7 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn what 27% of homeowners don't know and why it is important information that can save you a lot of money.
Are you investing well for financial freedom...or not?
If you invest $10,000 per year for retirement, but earn only 2%, after 20 years you'll have $262,692 and after 30 years $431,908.
However, if you invested for growth and the stock market averaged 10% annually, your $10,000 per year would grow to $697,299 after 20 years and $1,983,928 after 30 years! A huge difference.
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Transcript
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| 0:00.0 | Be wealthy and smart episode 686. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:08.0 | If y'all that's life. |
| 0:10.0 | So if y'all know what I mean, put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of bed time I'm gonna live the good life |
| 0:20.8 | I'm gonna live the good life |
| 0:21.3 | a beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthyy and Smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:44.9 | On today's show, we're going to talk about what 27% of homeowners don't know. |
| 0:50.7 | And this really shocked me because I saw an article recently and it was talking about homeowners and something very, very important that homeowners aren't aware of. |
| 1:00.0 | And something I'm sure our listeners are aware of, but I thought I would still talk with you about it and share with you why it's so important for people to know this. |
| 1:10.0 | What is it I'm talking about? |
| 1:12.0 | Well, it's that 27% of homeowners don't know what their interest |
| 1:17.3 | rate is on their mortgage. And here's what the article said, that 27% of U.S. homeowners don't know the interest rate |
| 1:25.9 | on their current home according to a new study published by bank rate. |
| 1:31.3 | That lack of knowledge may be prompting homeowners to miss out on refinancing their mortgage |
| 1:36.5 | into a lower rate and saving on monthly costs. |
| 1:40.2 | And then it goes on to say that mortgages are at three-year lows and there is an amazing opportunity for people to potentially save money if they refinance their loan. |
| 1:50.0 | It also says about 34% of homeowners between the ages of 29 and 39 say they're unsure what their mortgage rate is. |
... |
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