I spend a lot of time talking about how to create debt for consumers. I do it because I believe that, when done right, debt can be beneficial to all parties involved, like a mortgage that generates wealth for the middle classes through property ownership. But that doesn’t lessen the fact that debt carries a cost, a cost that is now quickly rising. We know that mortgage rates are on the up, because it’s on every other newspaper headline these days, but what’s harder to ascertain is what we can do about that - other than building a time machine to take us back to when houses were cheaper.

Except, there are other ways.

It’s just not in the interest of lenders to make them obvious. Which is why it sometimes takes an outsider to disrupt the status quo. Enter, Jinesh Vohra and Sprive, the app that helps you overpay your monthly mortgage, turning the power of compounding interest in your favour for once.

“Being mortgage free should be achievable for everyone… it really changes your life”

Jinesh posts regularly on LinkedIn and is open to DMs, so follow his account and do reach out if you have questions

As mentioned in the show, your first port of call if you want to check out the app is your friendly local App Store (Apple) or (Android)

If it is just information you’re after, then Sprive’s home page is where it is likely to be https://sprive.com/ And you don’t take their word for it, it seems like every week there’s a new letter in the press, or update online, from a happy customer (~40% of SpriveApp's active user growth was from customer referrals).

More on annuity curves, can be found here (https://www.howtolendmoneytostrangers.show/articles/perfect-paydown-curves) and here (https://www.howtolendmoneytostrangers.show/articles/annuity-curves-for-portfolio-management)

While you can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

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