subject: Save Money Using A Mortgage Accelerator [print this page] Do you have a mortgage? If so, then take an important first step by making a decision to find out about how you can easily slash many years off your mortgage, eliminate other debts, and even have cash for yourchildren's education- whilebuilding a six or seven figure retirement nestegg . Impossible, you say??
With the information you're about to read, not only will you believe you can drastically cut your mortgage, but you'll be 100% confident that you're financial future will be a wealthy one!
Let's begin: you know that a 30 year conventional mortgageis the safe,risk-free choice when selecting a mortgage.That's what the bankshave taught people,and they accept it. Most people buy a home,finance it witha 30 year mortgage and then begin paying it off.People consider this thesafe, conservative choice because their payments never increase. If you agree, you problably will never have enough money to retire!
Next, in your opinion, what is the most important factor in choosing a mortgage? Easy question, right? Well, if you're thinking "it's the interest rate", you'd be wrong!
I'veprobably justtrashed the twomost basic "truths" you knew aboutmortgagesand home finance - things you KNEW were true - and here I am, telling youthat they are not.
In this blog, I'll prove my point on each, andshow you thatthere really is a much better wayof managing your finances that you've never been taught! A way that secures your financial future!
You will also see why your old conceptions, the same ones held by most people, may prevent you from ever being able to retire.Today, many people are working into their 70's and even 80's! Chances are, if you follow the crowd, you'll end up like them.
In this blog, you'll seethat there's a better, smarter way to pay your mortgage and other debts while providing for a long, wealthy retirement.
Financial "advisors" commonly talk about the merits of investing, and particularly investing in stocks for retirement planning. In fact, from the end of World War II until the early 21st century, the stock market mostly moved in an upward direction, and this action mirrored the American economy. However, with the shift to outsourcing a large part of the economy became based on services. The new service economy has proven not to be reliable in maintaining a strong economy. This has been reflected in the stock market, resulting in large fluctuations in stock prices.
Another factor that prevents people, particularly homeowners, to accumulate as much as possible for retirement is simply interest calculations. In a nutshell, the interest paid on a mortgage and the interest that can be earned in an investment are based on the principal. Whereas a mortgage is typically hundreds of thousands of dollars, people can invest comparatively little in a retirement fund. The result is that for a new homeowner, annual interest of $20,000 is not uncommon, whereas annual interest earned in the early years of a retirement account is usually just a few hundred dollars.
by: Marv Eisen
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