Handling Your Mortgage Debt Can be as Easy as Pie

P4P022-DebtEasyAsPieKim Butler and Todd Strobel continue their discussion on mortgages. They show how debt and mortgages are intertwined and how it’s not a bad thing.

Reverse mortgages are also discussed and can be recommended to a specific audience. Yet Kim proposes a specific solution. The Prosperity Principles are on full display in today’s episode of the Prosperity Podcast.

 

 

Show Notes:

[0:00] Prologue

[0:19] Intro

[1:07] “HAVING” Debt vs. Being “IN” Debt

[3:12] Debt, Peace of Mind, and the Unique Role that Mortgages play in Debt

[6:32] Why We Became Afraid of Mortgages

[9:12] Interest Vs. Tax Deduction

[11:11] Reverse Mortgages Can Provide Tax-Free Income (but this should NOT be the goal!)

[14:14] What To Do with Extra Money Each Month (How to keep control of it!)

[15:35] The DANGER of Pre-Paying Your Mortgage! (from a former mortgage banker)

[16:30] Get the Prosperity Accelerator Pack or just Financial Planning Has Failed

[17:11] Wrap-Up

[17:49] Outro

Tweetables:

If you think you can keep your debt separate from your investments then you are trying to look at two halves of the same pie. Click To Tweet Mortgages hold a unique place in the debt environment because of their current tax deduction. Click To Tweet I don’t think reverse mortgages should be the goal. The goal should be to use your money the most efficient way possible, all the time. Click To Tweet

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