Should I Focus My Extra Resources on Paying Down My House?

When you have extra cash available it’s easy to think applying it directly to a large balance–like a mortgage–is a good idea.

But in most cases there’s a better use for that money, even if it is strategically used in a different way to help you accomplish the same goal.

Recently a client came to me with a plan to pay down his mortgage, and left our meeting with a different idea. Once you listen to this episode I think you’ll see why. And you’ll know whether a similar strategy is the right approach for you too.

Listen now!

Show highlights include:

• How refinancing your mortgage keeps you broke. (1:41)
• Nelson Nash’s “interest secret.” Most people focus on the interest rate when they should be looking at this instead. (2:03)
• Focused on paying off your house early? Here’s when it makes sense, and when it doesn’t. (2:22)
• “Equity trap.” How paying down your mortgage to gain equity hamstrings your chance to build substantial wealth. (4:35)
• Does it really help your finances to borrow from your whole life policy? Real-world example shows the stunning difference. (9:09)

Reach out to me:

[e-mail]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509

Infinite Banking Mastery (infinitebankingnorthwest.com)