Every once in a while, I read something that really gets me thinking. Rather than just telling you about the most recent revelation, I will just let the words speak for themselves:
"If you had enough money to pay off your mortgage right now, would you? Many people would. In fact, the ‘American Dream’ is to own your own home, and to own it outright, with no mortgage. If the American Dream is so wonderful, how can we explain the fact that thousands of financially successful people, who have more than enough money to pay off their mortgage, refuse to do so?
"The answer; Most of what we believe about mortgages and home equity, which we learned from our parents and grandparents, is wrong. They taught us to make a big down payment, get a fixed rate mortgage, and make extra principle payments in order to pay off your loan as early as you can. Mortgages, they said, are a necessary evil at best. The problem with this rationale is it has become outdated. The rules of money have changed."
The above excerpt was written by my friend and colleague Josh Lewis, my real estate and finance expert. You can find this kind of challenging thinking in Josh’s new eCourse, which brilliantly reveals how the affluent manage home equity to safely and predictably build wealth.
This fascinating eCourse takes apart the myths and misconceptions that can cost you hundred of thousands of dollars in net worth over the years. In this fine piece of analysis, Josh teaches you why people fear mortgages, and why you shouldn’t. He also shows you how a large equity position in your home actually can be disadvantageous to your financial fitness. Finally, he brilliantly demonstrates how you can successfully manage your home equity so that you can increase liquidity, enhance safety, boost your rate of return and maximize your tax deductions.
If any of these topics resonate with you in even the slightest way, then I implore you to check out Josh’s FREE eCourse.
All you have to do is sign up, and you’ll embark on a really eye-opening journey through the unconventional halls of proper wealth building.