1. Have you refinanced your mortgage yet?
Rates are still as low or lower than I've ever seen them.
Recent example: one friend of mine's parents refied their mortgage from 4.5% down to 2.5%.
The payment went from $1,700 a month to $1,300 a month.
Rates are still as low or lower than I've ever seen them.
Recent example: one friend of mine's parents refied their mortgage from 4.5% down to 2.5%.
The payment went from $1,700 a month to $1,300 a month.
2. So even though they added 4 years because their mortgage had 26 years left and they refinanced to a 30 year,
if you run the math, they STILL are saving $61,400.
Even AFTER adding 4 more years to the mortgage.
OR....
if you run the math, they STILL are saving $61,400.
Even AFTER adding 4 more years to the mortgage.
OR....
3. If they invest that difference of $400 a month at 7% (easily done over a long term with even index funds, though there are better places IMHO)
They will have...
....wait for it.
$487,988.
NOT a typo.
Or.....
They will have...
....wait for it.
$487,988.
NOT a typo.
Or.....
4. They could invest the $400 difference at 7%, and have enough in their side fund to pay OFF their house in full in 18 1/2 years.
Which would save them $173,400 in payments over what they were doing before.
(8 1/2 years times $1,700 a month payments)
Or....
Which would save them $173,400 in payments over what they were doing before.
(8 1/2 years times $1,700 a month payments)
Or....
5. They could invest the $400 a month at 7%,
WAIT 26 years (the original mortgage schedule),
pay the house off in full (they'd owe about $59,000)
And STILL have $293,087 left over.
WAIT 26 years (the original mortgage schedule),
pay the house off in full (they'd owe about $59,000)
And STILL have $293,087 left over.
6. THIS is what real financial planning is all about:
Being more efficient with the dollars you have.
And, despite being called a snake oil salesman by some prissy CPA yesterday who got his panties in a bunch when I correctly called him out,
What I do day in and day out:
Being more efficient with the dollars you have.
And, despite being called a snake oil salesman by some prissy CPA yesterday who got his panties in a bunch when I correctly called him out,
What I do day in and day out:
7. I teach my clients to more efficient with EVERY dollar they have, while trying to leave their lifestyle untouched.
ONE financial decision this family made puts anywhere between $61,400 to $497,988 in their pockets.
Imagine what their finances will look like when we're done.
ONE financial decision this family made puts anywhere between $61,400 to $497,988 in their pockets.
Imagine what their finances will look like when we're done.
8. When youre ready to get YOUR financial house in order so IT runs as efficiently as possible,
You have 2 ways to engage.
@drtigerjoseph and I shot a financial Masterclass over 3 days that is being edited now, and will be available in the next few weeks,
OR...
You have 2 ways to engage.
@drtigerjoseph and I shot a financial Masterclass over 3 days that is being edited now, and will be available in the next few weeks,
OR...
9. You can reach out via DM and put your email, time zone, real name (if anon, just so we're not trying to schedule a meeting with 'SexGod17'), and that you'd like a consult.
Right now, I dont even charger for them, though I will start charging in 2021.
Regardless,
Right now, I dont even charger for them, though I will start charging in 2021.
Regardless,
10. Remember that no one, literally NO ONE cares about your money as much as you do, so YOU need to learn the rules of the game for YOUR self.
You children's children and their children will thank you.
You children's children and their children will thank you.
Oh, and if you did DM me, we'll reach out on Monday.
I'm off to goof off for pretty much the rest of the day.
I'm off to goof off for pretty much the rest of the day.
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