Handling Your Mortgage Debt Can be as Easy as Pie
Kim 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.
[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)
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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