Hey, buddy, got family? You probably have questions about mortgages. This is an important decision.

We've got a best-of-series that's going to hook you up.

And likely it's connected to the largest purchase that you will ever make,

so you want to make sure that you do it right.

I get it. When you go read books like Chris Hogan has a great book every day millionaires,

he shows that the average millionaire pays their house off in 10 years. You see that that's a

headline and you're like, wow, so 15-year mortgage is going to be probably what I need to do.

I need to get out of debt as fast as possible. If you go read the detail or go listen to interviews

of what Chris Hogan has talked about, he has shared that that was not this person's first house.

This was typically the millionaire realizes in their 40s or 50s. So this is probably their second

or even third house. And yes, that is probably I resemble a lot of that. And it is true.

I will have my current house paid off within 10 years. But this is not your first house.

Exactly. Because realize there's a lot of 25-year-olds. There's a lot of 30-year-olds. There's a lot of

35-year-olds that are watching this show. And you're being financially shamed in the fact that

because you have so many talking heads, they'll say, this is the way you should do mortgages. You

should do 20% down and finance them over 15 years. And you're seeing that and you're like,

I live, the cost of living is going up in my community. The cost of housing is going up.

I feel like I'm on a treadmill where I can never catch up. And you know who can put down 20%

on a 15-year mortgage? Rich people. And we're trying to get you to rich people's status. But a lot

of us don't start at rich people's status. We have to kind of build the blocks to get there. So I

want to kind of give one more reason. Well, I think you can give yourself a little more breathing room

without disrespecting how much you should spend on housing to the rest of your financial life.

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