There are strategies for paying off your home early.
Those strategies are great and they work.
But is it worth it to pay off your home early?
With mortgage rates being so low, why not invest the extra money instead of paying off your home?
I really don’t think you have to pick. I think you can do both.
If you want to pay off your home early, this may be the best strategy for you.
Let me explain…
Then I moved on to answering the question: Is it dumb to pay off your mortgage early?
After that, I wrote about everything you need to know before you pay off your mortgage early.
Today I am giving you strategies for doing exactly that. Paying off your mortgage early.
As promised, here are 3 quick strategies to pay off you mortgage faster than you ever thought possible…
Today is the 2nd and final part in this series.
If you missed part 1, you can read it here.
One of the discussions that came up in part 1 was about investing instead of paying off your home early.
It’s a common perspective that you shouldn’t pay off your mortgage early, but you should invest the money instead.
It makes sense, because mortgage rates are low right now and you can probably earn more by investing than you can save by paying off your home early, but there is actually a way to take advantage of both!
It’s not always about having the highest return, sometimes it’s simply about being totally 100% debt-free…which is an amazing feeling.
Soon I’ll be publishing an article on how to get the best of both worlds, but for today, here is part 2 of what you should know before you start paying off your mortgage…
“I’m in debt. I am a true American.” -Balki Bartokomous
It’s true. Just about every person in American (and much of the world) is in debt.
We are so used to it that we even consider ourselves to be debt-free when we still have a mortgage.
You know how it goes…
“Yeah, I’m debt-free…well, except for my house.”
If you have a mortgage you are not debt-free.
But you can be…
There is a lot to know before you start paying off your home early…
Last week, we compared renting to buying.
I wrote about powerful strategies for paying off your mortgage early.
That’s for those of you who decided to buy.
But, before you decide to pay off your mortgage early, you need to ask yourself a very important question:
Should you pay your mortgage off early?
Some people believe paying off your mortgage early is dumb. Let’s see why they think that…
Welcome to part 2 as we are asking the question:
Should you buy or rent your home?
In part 1, we covered the usual home buying story.
We also covered what do to when the answer is obvious and some of what to do when the answer is not obvious.
Let’s dive deeper into what to do when the answer is not obvious.
We are going a little further into the actual pros and cons of each side and taking a closer look at the buying vs. renting debate.
Let’s see what makes the most sense for you…
Should you rent or buy your home?
A common, yet complex question.
If only the answer was as simple as choosing one of the two.
We’re not that lucky.
In fact, if anyone tells you that one is always better than the other, just smile and nod.
And then stop taking advice from them…
“The goal of retirement is to live off your assets-not on them”
Rule No.1 of living off your assets: You must have assets.
You may plan to retire. You may not.
Either way, it’s a good idea to have a plan for wealth building. You may need it.
So, when do you start planning for it? And how do you do it?
This is the final article in this 3 part series.
Have you added some of these tips to your life?
After you read these last 7, feel free to add more tips in the comments.
Today you will learn some great tips on saving money with babies and saving money while shopping.
Here are the last 7 tips (tips 15 through 21)…
Continuing on with this 3 part series, I bring you part 2!
If you missed part 1, don’t worry!
You can check it out here.
Today you will get some great tips for saving on medical expenses, as well as saving on day-to-day stuff that parents are fortunate enough to deal with.
Here are the next 7 tips (tips 8-14) for child-proofing your finances…
From door handles to baby gates to the cabinets under the sink, we do a thorough job of child-proofing our homes.
But do we make sure our finances are child-proof?
With children come new expenses. Expenses that can get out of control if we don’t have a plan.
This 3 part series is part of that plan.
Here are the first 7 tips for child-proofing your finances…
How are your New Year’s resolutions going?
Are you sticking to your goals?
Have you already given up this year?
Did you change your mind? Did you decide it wasn’t for you?
This is probably what happened…
You know the books that are hard to put down.
I mean…you know you should probably be working on a project or doing some household chores, but…the book is just so good.
And you will just read one more page…okay, maybe one more.
Before you know it, you’ve finished the book…in one sitting.
It’s happened to me. Actually, it happens all the time.
With other books, you will find that once you put it down, it’s hard to pick it back up again.
What makes the difference? What makes a great book…great?
You are your child’s first teacher.
We need to be instilling the “right mindset” even if we don’t have all of the “right information”.
Start instilling the right mindset by watching what you say and possibly changing what you say.
These are 4 things that you should never say to your children about money…
There is a word.
A word that you have heard me use many times.
A word that has changed spending, saving and investing.
What is the word, you say?
Don’t pretend like you don’t know. The word is…