|
|
|
|
|
|
We all have dreams of reaching some level of financial independence. However, studies show that most Americans will either be broke or financially dependent on family or charity at the age of 65 years old. In order to be different, and rise above the crowd, we therefore need to change our way of thinking and institute some sort of financial discipline into our lives. We also need to educate our children, nieces, nephews and grandchildren on finances to finally break this self destructive cycle.
Many financial planners believe there are 3 roads you can go down. The typical person has no financial plan, has a 30 year loan and a small 401k, but really has no direction and thus achieves mediocre results. Most of us fall into this category. We just need a little help, a little leadership to move us in the right direction. To change our bad habits, to realize our potential, to make a plan and put some action behind it. We as mortgage planners can really help you do this.
The second road is one where you want to get completely out of debt as soon as possible. That means you may want to look at a 15 year loan after you pay off your non tax deductible debt. This is a good plan if you really have difficulty saving money on a regular basis. By paying off your house, you sort of "make" yourself save money. If this is the route that you feel is best, please attend our workshop on "How to pay off your mortgage as fast as possible..." We will actually show you how and demonstrate some really amazing software that enables you to take advantage of the money in your checking or savings account to pay down the interest on your mortgage faster. We teach you what banks don't want you to know... how to make ALL your money work for you. Check our upcoming seminar dates for the next upcoming workshop--what we will teach you is better than a 15 year loan.
The last road, or choice, is the philosophy of using other people's money to build wealth. The concept of leverage. Are you ready to become wealthy? Do you have what it takes? If you choose this route and have the right mentors, you have the potential to create much higher net worth. However, you must have the discipline to work and save. This concept is the one that I personally love, but it's not for everyone. With this model, you don't try to pay off your mortgage. Instead, you still of course have equity in your home, but you use that equity to buy more assets that also appreciate in value (like real estate).
Diversification is important in life and particularly with investments, which is why I really like this model. If you are interested in this route, please come to the "Cover your Assets" workshop and also the "Real Estate Investing Workshop."
Whichever road you choose, the most important thing is to have a plan of some type. We can help you with this. Our job is helping you recognize your plan for the future, even if you don't have one yet. If you do have such a plan, we are good at helping you implement what needs to be done to reach your goals. Call my office directly to arrange a no cost strategy session for us to choose the right path and plan for you and your family.
|
|
|
|
 |
|
|
|
|