I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I have 36k left, I am planning in 8 months to finish. I’ll finish in 13 years in total. In 2020 I started watching TH-cam videos and I changed my mind set.
Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so l'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA,Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from her soon!
except mortgages let you pay on the principal and student loan companies do not, even if you put it in writing. If you have to choose, choose the home.
@@JulieLaursen1 Not true. Any loan assesses interest monthly based on the balance. If you are behind or owe excess fees, yeah you do owe that. But if your payment is current and $500 principal + $50 interest, that's a $550 payment. Any extra goes to principal reduction.
@@towel-ie7554 Tell that to ACS. I wrote that on the checks, in letters, in emails, in a million different ways. ACS REFUSED to pay on principle. They would only add the payments toward "future payment dates" while still accruing the same amount of interest and not reducing the principle. ACS was who my federal loans were sold to. I fought it for YEARS before my mom got an inheritance and paid off the whole thing. At one point I sent them an extra $1k and in the check "for" section I wrote principle and attached instructions to apply to principle and they applied the entire $1k to interest. This is what infuriates me about student loans that people do not understand. This is the grift. There was nowhere in my paperwork that said I could not pay extra toward principle. They wouldn't even up my payment amounts.
My wife and I sold made a different choice to sell our house in Florida to move to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this year. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.
I recommend investing in shares to balance out your real estate assets. Even the toughest recessions can give wonderful purchasing opportunities if you are prudent. Furthermore, volatility can create wonderful short-term buy and sell opportunities. Although this is not financial advise, you should buy right now because money isn't king right now!
You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.
Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take.
We are a school teacher and a IT support tech (translate to mean = not high income household). We paid off our house (3 bedroom 2 bath with 2 car garage on 1/2 acre, in cincinnati suburbs) in the span of around 3 years with help from the Ramsey program. HOLY COW, this is crazy, it created a new weird situation now... we have extra money... and peace. Our lives have been dramatically changed.
We have a goal to pay off our 15-year mortgage in the next 2 years. We started with a 30-year mortgage and refinanced when the rates were super low, so the total payoff time will be about 10 years. We've been putting extra every month into the house, and we're getting super excited that we're almost done. We can't wait to not have a mortgage payment!
‘Go get emmmmm’, freedom is coming soon, stay on course! 😃 My goal is to pay off the rest of our mortgage in the next 3 years after 12 years living in the house. We started paying more than double monthly 8 months ago 🏠
The taxes & insurance portion of my mortgage payment is as high as my 3% loan payment. What I owe every month would just be smaller, not non existent. I had the full amount to p/o the mortgage but invested it instead. My net worth is much higher now and also not tied up heavily in real estate. Paying off the mortgage isn’t for everyone.
@@MKK-wg7fz True, you’ll always have a payment, but wouldn’t your payment of just taxes and insurance be far less than most people’s rent? Especially in 30 years? Also, in theory, you could self-insure. I know some homeowners who do that-not that I recommend it, but their thought is that with the money they save from not paying for insurance, they can cover any losses they might incur.
@@serenamowery658 Accelerated weekly payments, then we doubled up each payment & we’re making a 10% lump sum payment every year. We’re in Canada 🇨🇦 so things will probably vary depending on your location. We live on a *very* tight budget in order to do this as well.
I started watching dave Ramsey about 2 yrs ago.. (finally out of debt) I’m 52, I wish I had my current thought about money earlier in life . I have been able to make better financial decisions, and am focusing on paying off mortgage.. thanks for all the advice George. You help keep me motivated! Btw I have 63,000.00 left on my mortgage.. if I keep on track, I think in 3 yrs it will be paid off..
We put 20% down on a £400k home in the UK, and paid off the £320,000 mortgage in five years. No gifts from family, no windfalls, just full focus and hard work. Almost a year since we did it and the peace we feel is unmatched! All of our money stays with us now, and we are having TONS of fun budgeting it for future goals!
@@motoryzen You pay Stamp Duty when you first purchase your home. How much you pay is based on factors like whether you're a first-time buyer, price of the property etc. Other than that I just pay a monthly Council Tax which is around £150/mo
Heck yeah! Congratulations! I just married a British woman last month. I'll be making my move over to the UK from the states. We plan to buy a 2nd home in the near future.
Video starts at 05:40. Concept of paying a mortgage early is akin to working/harder to receive more than you would/have.... Good idea as long as long as you take care of yourself/and others in the process🙏
I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?
Inflation is really a silent eater of the value of your money. Good thing the stock market can help you beat it. But it's wise to actually learn how to invest, or to make it easier and more effective, you could work with a financial advisor.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
Just paid mine of yesterday June 27th would have been 9 years. I'll be 36 next week. Work construction, live in CA have four kids and a stay at home wife. IT CAN BE DONE JUST HAVE TO GET UP AND GET MOVING.
@georgewagner7787 thank you sir. Payed off with 5k left over in the account , hurt to pay that amount and go to just about zero but now we are back up to close to 30k and breathing fine haha now it's full steam toward investing. One day hope to do the same as you all / k-hammer love doing it for friends and to do it for a living and help people for free what a dream.
I mean no disrespect, but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Only small and mid-caps seem to be stagnant other companies are making record profits... As a beginner investor who knows next to nothing, I have made over $30k profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together.
Hi ANTHONY, your profit margin is quite impressive for a beginner. Good for you!!!! can you share your spreadsheet or investing journal?? inadvertently, i sold a boatload of my portfolio recently.
I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I simply follow Kelly Matwick's investing techniques and guidance... You can look her up she's registered.
Issue is, income vs. Inflation vs. Margin. My wife and I made it to 4, 5 & 6, but have stalled out. Mainly, Inflation has eaten into the margin we used to get to 4, 5 & 6... and even with side hustles and cutbacks, it's all we can do just to keep our expenses to our income level, which means we're treading water. My wife and I both work almost full time, and its not so easy to just up and find a higher paying job. And so, we soldier on!
We’re snowballing our rental and primary residence right now (since it’ll take less than 5 years for us to complete, we’re keeping the rental per Ramsey guidance). Our rental should be paid off by April of next year, and then we should pay off our primary residence about 2.5 years after that with the mega snowball effect of a paid off rental. It’s gonna be awesome.
My husband and I started the baby steps 7 years ago. It took us 2 years to pay off $42K in consumer debt. We have three kids 5 & under. We just paid off our mortgage a couple weeks ago! It took us 4.5 years to pay it off. 🎉
I “was” scheduled to pay off our 30 year mortgage in 9 years 9 months by March 2026. I’ve been tightening a few things to save more here and there, and now I’m scheduled for October 2025, so 9 years 4 months. If I can squeeze even more out of this home stretch, I’ll try for summer 2025 to pay it off in just 9 years! Can’t wait.
@@glasshalffull2930 If you’re meaning me? No, complete opposite, I put a hold on my 401k contributions in order to pay for the mortgage (8.5% interest), now I’m left playing catch up… BIG TIME!
Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
@@glasshalffull2930 a house is even more important. My mom had pension but dad didn't. The sold their house and bought into a beautiful retirement community
hopefully will have ours paid by 2026. making double payments last 3 years. original price was 260k and down to 100k now. its fun to watch it evaporate. follow george's advice and make sure you have an emergency fund maintained so that you dont go back into debt.
I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?
I paid off my house this spring: 11 years on a 15 year mortgage. I'm not rich. I haven't now changed my lifestyle, but it has been wonderful for my peace of mind. I want to build up a few funds, but then I look forward to being able to invest it after those funds are built up.
I did a combo - expedited my pay,met towards principle until I have enough to pay it outright by liquidating if sht hits the fan. Then I shifted focus on securing my retirement and investments. My mortgage is 2.25% on a lower principle amount than my portfolio growing at 7-10%. It just makes sense mathematically and from a peace of mind standpoint on both fronts.
Ours will be finished in September or October. I haven't decided. It depends on how much we cashflow needed repairs vs. throw at the mortgage. Either way, we cut our thirty year loan in half by following the baby steps. Since we started, it will be 5 years from FPU to paying the mortgage off.
I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *Pecuniary backdoors* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.
George is the best, we are renting and just saving up to buy a home in cash l - we think it will take us 5-7 years. Would rather have a blessed home than a cursed home.
I like the idea, but just something else to consider. How about saving enough of a down payment to where the theoretical mortgage = current rent. Keep in mind during this time housing prices fluctuate and your rent is likely to increase during that period.
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Marisa Michelle Litwinsky is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Having someone like you who’s not only a great innovator but also pulls his best to get the work done so beautifully needs nothing but appreciation. *Top phase resolution* Thanks for the well off work you consistently bring your all and I truly appreciate that. Thank you for making corporate life so smooth. Proud to have you on our team. Great work as always.
We will have our 10 year mortgage paid off next month..6 years early!! Yep! Almost exactly 4 years! I am so excited. It would have a.ready been paid off had my husband not gotten sick..we didn’t want to hit our emergency fund too hard..so we added 3 months to the pay off! I love it and I am so excited!
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Our mortgage balance is 30k. We pay extra payments per month. Our goal is to pay it off by October 2027. Or earlier. Houses in our neighborhood are being sold twice of the original amount. It’s been crazy prices like that. We are in California. 7 years ago we sold our 2 story home , and bought a smaller home. We downsized, used our equity to pay our down payment on the new home. Now, it’s twice the value . Thank God, we did. Now, buying a new home is so expensive. We are now retired and living simple life. No stress like before, when we were in our big 2 story home. Plus the property taxes before were way up, almost 12 k per year.
We need more immeasurably wise and compassionate humans like you on this planet. Thank you for sharing *Pecuniary Backdoors* , Leo. I bet I'm not alone when I say this video found me at the perfect moment, and there are a lot of things here that I needed to hear right now.
And to add..... if you are in the first few years of a 30 year, those extra dollars are at their most powerful. More specifically, if you make a plan to say, buckle down for just the first 2 years and make double payments (house payment only, not taxes and insurance that most mortgages include), each overpayment will cut off 4 payments or more from the end. In short order you can cut off like 8 years off the end with a little suffering and a goal. After the 2 year blitzkrieg, you can start going to a normal budget, and hopefully throw a couple hundred extra bucks a month at it. But those first few years are the most important for saving massive amounts of interest.
An example of what @spazzman90 is saying: I have a 30-year mortgage, because I was worried about "what if I lose my job" but I paid every month as though it was a 15-year mortgage. 1.5 years after buying the house, my balance was as though I'd made 4.5 years of "normal 30-year payments." This alone saved me $54,000 of interest. The following month, I hit it super-hard with principal payments totaling over $93,000 by cashing-out non-retirement investments. By the end of the month I was at "year 15" of the initial amortization schedule, and avoided paying $151,000 of extra interest I would have paid had I stayed with the 30-year timeline. That's $205,000 so far that I won't be paying the bank!
I cannot imagine completing this project without you *Top phase resolution* . You are amazing. Thank you for being there for me. Not a single effort of yours will go in vain. You will be rewarded for your pain. Your hard work will bring you a lot of gains. Well done. Your achievements speaks itself about your capabilities. Slow and steady makes it to the top! Good job! Jon
Overpaid homes bought during low loan rates will spark a housing crisis. As prices drop, owners with no equity will face foreclosure, unable to sell without incurring losses. With mass layoffs and rising living costs looming, many will struggle to afford their homes, exacerbating the catastrophe.
Diversify your portfolio by investing in stocks to offset real estate risks. Even in recessions, markets offer great buying opportunities with caution. Volatility can create excellent short-term trades. (Not financial advice) But with cash yields low, now's a good time to invest!
Exactly! With guidance from an investment coach, I successfully diversified my $450K portfolio across asset classes, generating an impressive $830K in net profits through a strategic mix of high-dividend stocks, ETFs, and bonds.
After a dismal year for my portfolio, I sought new strategies to revitalize my investments, but every approach I attempted fell short. I'm eager to learn from your success - could you please share the name of your financial advisor?
My CFA ’Rebecca Noblett Roberts’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Yup. I work for a large Credit Union, we are borrowing $200 million a month at 5% to lend at 8% to make money to pay dividends to the members. (all of the deposits are already lent out for loans).
What about taxes and insurance if you pay off your house you still have to pay them. Look at your mortgage statement it's a good portion of your payment. So is it really free and clear? I get paying off the loan early and saving on interest. Taxes and insurance go up every year specially in Florida.
The worst mistake i can make is not to say “Well Done”. But I’m not such kind of fool who doesn’t have the eyes to see the progress. You really did it very well. Great Job *Pecuniary backdoors* This is a great credit achievement for you, as well as for our company. You have shown us how to finish a tough task very smoothly. We have many to learn from you.
Went through FPU 11 years ago, it was the best decision we've ever made. We were able to pay off $60k in consumer debt and student loans in 16 months. From there, 7 years to pay off the mortgage! Now we focus on savings and giving!
When you pay extra on principals, it makes sense to do it right off the bat as more goes to the interests in the first 10-15 years. I've learned the best way is to put down 20%, then put the leftover before your first payment due comes, if you can put more than 20% down payment.
This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the *Pecuniary backdoors* on the internet movement when I say ancestral your a gift to our people
Is all about having a conscious responsible mindset to protect your home, credibility, My grandmother always told me put away and save at least $50-$100 in *Pecuniary backdoors* . Every time I get paid ..As paying yourself as a bill put the money in an envelope that’s emergency cash for household and myself. take the rest of the pay and take care of your rent and your other expenses… thank you for this video is very informative.
$20,000 invested into the market late last month, and today it's up $61,342. Already crossed $5k\daily NET profit. Loves the videos mate keep going❤️🎉🎉
Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Elizabeth Regina daily signals and guides as long as it works well for me❤❤
When you say average is $1700/month what does it include? PI? PITI? Saying a zero mortgage payment is incorrect if PITI as you will always have taxes and insurance. Enjoyed the video message on eliminating the debt as that's what is important.
I see comments about rates of people that have great interest rates on their mortgages, and this method wouldn’t work for them. GREAT! ….. Most people with money issues don’t have their money already working for them, and their mortgage rates are high. That’s when his method will work. Not all methods are for all people.
I absolutely love Dave's view on debt and mortgage is the biggest debt anyone can take. Paying it down to zero is a mindset change. Being "debt free" and not owing anyone money gives you control over your finances and frees up your cash for more aggressive investment. I am working on paying down my mortgage by end of this year. I would recommend everyone to listen to Dave Ramsey's view on mortgage and debt in general.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Vivian jean wilhelm for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in *Pecuniary backdoors* and I must say,I am loving
@3:54 George says you can take your entire mortgage payment and start investing it on f you pay off the mortgage. I think you need to be more careful how you word things. You can’t take, or at least shouldn’t, invest your entire mortgage payment because you still need to pay property tax which is at least several hundred dollars a month. And you may have homeowners insurance as part of your mortgage too.
You’d have to be the most realistic fella I’ve ever heard speak on this subject. I’ve tried for years to tell people that the ‘true’ cost, of what they actually pay for the mortgage, INCLUDES interest rates, most won’t listen.
Do be careful of overpayment fees. Depending on where you live and what sort of product you have, you may incur a fee if you exceed a certain limit of additional payment. If you would incur such a fee, you'll need to break out the calculators and work out if eating the fee saves you so much money on interest that you are still saving money by increasing mortgage payments. Otherwise there may come a point where it's more financially efficient to acknowledge that you've reached a point of diminishing returns on the mortgage and look for other ways to save/invest.
Wonderful, just wonderful. Truth must be sought beyond whatever social baggage you are carrying and must let go of. Forward momentum is accelerated in crystal clear vision. *Pecuniary backdoors* dropped serious knowledge. My credit presently runs from good to excellent, but I want from excellent to most excellent. I hear that this is the way to do it. I love the whole precision of this methodology. Here is power. Thank you.
600k left on the mortgage and we have extra 5k per month to pay towards it. Even at that rate I may not be able to close the loan in 10 years. Interest rate is 3.9% and we had a 20% down at the time of purchase.
I just wanted to say thank you for sharing this. Because you're right. The worst thing that you can feel is hopelessness. And I hope that someone who is on the verge of losing hope finds *Pecuniary backdoors* and realizes that as long as you're still alive and breathing, there's a chance, there's HOPE that the future is brighter then the present day.
I plan on paying off my mortgage early, but at 3% interest, it's much faster to invest my extra dollars. A 10 year payoff schedule for a $300,000 mortgage would be $2,896.82/month. With a 30 year mortgage, making a payment of $1,264.81, you invest the difference of $1632. Assuming 10% rate of return, after 8 years you would have $234,048 and the remaining balance on the mortgage would be $236,261.50. So the house would be paid off 2 years sooner. It also gives you increased flexibility. The only downside is that it requires more discipline. You have to actually invest the difference and not buy some dumb crap you don't need instead.
Leaves out the risk of investing, you can’t guarantee you’ll have 10% return annually at any specific point in time. Market could be down or up, who knows.
@@Jrichardstein Definitely risk involved over short term... if he planned to pay off right at the 8 year mark, don't know if markets will be up/down... But over a 20 year time frame, nearly guarantees you will have made enough to pay the mortgage off 3x over.
I came to say the same thing, This definitely is the better way to go. Paying off your house early just misses your chance for your wealth to compound over time.
This is the way. Historically S&P index fund average 10% (or as George's friend Dave Ramsey says 12% but ok) even if it were 7% your outpacing that mortgage significantly. It's riskier to throw all your money in for 10 years during those younger years when compounding interest has time to really work hard. Go look at charts of investing $100 from ages 20 to 30 vs ages 30 to 60 and those 10 years when your younger beat out 30 years when your older.
I am about to pay my house in 7.5 years....🥳. 240k initial value... 10% down payment...... 30k to go.... monthly payments were 1.2k... on the 3rd year I started adding 1k monthly then every year I added more... the last 3 years I have been adding 3k in the top of the 1.2k.... we are so happy we made this decision a few years ago. Thanks for showing us the way.
So, we have been blessed with the ability to own three homes in 8 yrs. We have finally decided to start paying them off ( two are rented and the rent is paying the mortgage) the wife wants to start paying off the one we currently live in, but I want to pay off our first purchase( which she disagree because it has the lower rate @2percent and we plan to sell it in the future) I feel it will generate income to tackle the other mortgage and when we do sell we can use all that money toward investment and paying off the next mortgage. Which direction you recommend we start with?
Currently on Baby Step 3b. And at my main job I'm getting incremental raises of 5k a year until I reach 40k in 3 years. Heist plan: Stay at my second job washing dishes through December, which turns our house savings to 20k. Using the raise next year I'll have 45k down on a 220k house (rural Iowa ftw), and after retirement and 529 contributions will be contributing an extra $500 a month to mortgage payoff. Following year cranks it up to $700 a month with $80ish increases each year after that. I'll have the house paid off when I'm 39 and 4 months old. I just turned 28. I can do this
Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
Ask yourself: What am I going to do with the money instead? Liabilities? Invest? and if so what are thier outlooks for when you need the money? Are you going to sell within 2 years or 7 years? Whats your mortage interest rate? Can you instead put the money in a high yield savings account with a higher rate? In the end, putting extra money towards your house is never a bad thing. But depending on your answers here, it could be mathematically better to put it in other places.
Same question we have too!!!! If or when we find our forever home the idea is to turn current home into an income generating property which would pay off the mortgage early.
@@nickstark8479 Thank you your answer really helped! Right now we have a low interest rate since we refinance before the market went all crazy. Thank you again for reaching out 😃
Thanks for the video, I don’t completely agree. Most of people have a salary. I thought that If the mortgage interest rate was below inflation rate. Your salary will be adjusted and by when you are on your 15th year of payment that same payment will have a lot smaller value of money ? Am I missing something ?
wow this format is actually great and really funny. Just clean up all the bots in the comments. I swear this would pop off... if george was prettier lol im sorry but thats just how it is
This channel is the sole exception where I haven't skipped the promo ads. Your finesse in effortlessly integrating promotional content within your videos is genuinely impressive. Sometimes, it takes a moment to recognize that you're endorsing anything; I commend *Top phase resolution* for your adept execution in this aspect!
If you live somewhere where decent homes are 400-800k then sure. But in California your decent starter home median is 900k and anything in a decent neighborhood with no backyard is 1.7-2.4 million. It’s all relative. Not sure why so many are having a hard time paying off or saving for a home that’s selling for only 300-450k.
8 years into a 25 year mortage. Paid 3.5 years exta. Normally 13.5 years to go but planning on 9-6 years left (6-12 extra monthly payments/year). Just wish I discovered this method sooner. Could've been so much further ahead.
Do you recommend to pay the house off even if you have a low interest rate? I'm throwing in some money to my mortgage just to cut it down a bit, but I've been putting more of money into investments.
No. I am at 2.75%. cost of funds analysis, invest your extra money. I work for a large Credit Union, we are borrowing $200 million a month at 5% to lend at 8% to make money to pay dividends to the members. (all of the deposits are already lent out for loans).
I get such GREAT service every time I go to the *Pecuniary backdoors* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!
Even an extra $100 a month makes a difference. Especially if you are in the first few years. Looking at a printed out amortization chart will help put it in perspective.
On track to pay mine off in 6 years. I am already putting 15% in a 401k. Every pay raise I get, that money towards my mortgage. I did a 30 year loan (not what Mr. Ramsey advises); but life happens and can always go back to my original payment.
We have huge daycare payments and are prioritizing investing because of the compounding potential on dollars invested in 20s/30s. so once the kids are school age and daycare payments are gone, we plan to pay off the house in our early to mid 40s probably. Sounds nice to have the peace of no debt at all.
I’ve had the goal to pay off my house. Until I thought about this… I paid $175,000 for house. Will be paid off in 8 total years. My income is lower than when I bought house in 2018 and went from 0 to 3 kids. When the house is paid off I’ll need to repurpose the $1,800 a month to other budget areas. Here’s the issue. If I move to ANY other city (I live in small town) in the world the same house I have is 400,000 in places. So I sell my house for $250,000 if I’m lucky around here. Hooray, I’ll still have to finance $150,000 to get comparable house. So I’ll still have to finance around same amount I did to start. This really works if you plan to stay in paid off house or can repurpose your paid off mortgage to invest and save for next house. I feel I’ve wasted all these years working hard paying off a house with 2.5%. My life season changed (more kids, eventually need bigger house, or will move cities) from my original goal. Not to mention home insurance doubling, new AC, etc.
You can still do it. Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 54 and my husband 57 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.
That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Melissa Terri Swayne turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Our last mortgage payment is going out on August 29th of this year. 30 year mortgage paid off in 11.5 years.
Congrats! Any tips on how you executed this?
Killin it! Congratulations!!
@@Ashley10056 We put EVERY extra cent towards the mortgage.
good job! Get ready, budgeting is about to get WAY more fun!
Good job
"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."
Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.
Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.
Great insight! I'd love to meet a financial adviser who can help me climb the financial ladder effectively.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
$78,500 left, payoff date July 1, 2026. Let's gooooo!!!
I will be jittery when i get my balance below 100k. Well done!!
I have 36k left, I am planning in 8 months to finish. I’ll finish in 13 years in total. In 2020 I started watching TH-cam videos and I changed my mind set.
@@adolisfernandez1321 amazing!!! Congratulations!! 🥳
Don't have up 😂
YOU CAN DO ITTTT!
Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2024 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?
Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
Mind if I ask you to recommend this particular coach you using their service?
Credits goes to Vivian jean wilhelm one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so l'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
Thanks for sharing your experience! I've been managing my portfolio myself, but it's not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA,Joseph Nick Cahill, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from her soon!
Paid off 54k in student loans in two and a half years. I plan on applying my same method to my mortgage.
except mortgages let you pay on the principal and student loan companies do not, even if you put it in writing.
If you have to choose, choose the home.
@@JulieLaursen1 Not true. Any loan assesses interest monthly based on the balance. If you are behind or owe excess fees, yeah you do owe that. But if your payment is current and $500 principal + $50 interest, that's a $550 payment. Any extra goes to principal reduction.
@@towel-ie7554 Tell that to ACS. I wrote that on the checks, in letters, in emails, in a million different ways. ACS REFUSED to pay on principle. They would only add the payments toward "future payment dates" while still accruing the same amount of interest and not reducing the principle. ACS was who my federal loans were sold to. I fought it for YEARS before my mom got an inheritance and paid off the whole thing. At one point I sent them an extra $1k and in the check "for" section I wrote principle and attached instructions to apply to principle and they applied the entire $1k to interest.
This is what infuriates me about student loans that people do not understand. This is the grift. There was nowhere in my paperwork that said I could not pay extra toward principle. They wouldn't even up my payment amounts.
My wife and I sold made a different choice to sell our house in Florida to move to Texas. I invested some of the money from the sale in the stock market. The portfolio is up 300k this year. I guess she knows the investment is making profit, but we've never really spoken openly about it. It's one of the best choices I made
Wow, that's a good ROI. You trade or you have been holding all this while?
Oh no, I don't really trade. Too complex and random for me. I work with a financial advisor.
I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?
Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thanks s lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Paid off mortgage in ten years two decades ago. Was able to send kids to private schools all the way and retire early. Best decision we made.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.
I recommend investing in shares to balance out your real estate assets. Even the toughest recessions can give wonderful purchasing opportunities if you are prudent. Furthermore, volatility can create wonderful short-term buy and sell opportunities. Although this is not financial advise, you should buy right now because money isn't king right now!
You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.
Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.
We are a school teacher and a IT support tech (translate to mean = not high income household). We paid off our house (3 bedroom 2 bath with 2 car garage on 1/2 acre, in cincinnati suburbs) in the span of around 3 years with help from the Ramsey program.
HOLY COW, this is crazy, it created a new weird situation now... we have extra money... and peace. Our lives have been dramatically changed.
Wow ❤
Can you walk me through a little bit of what you did?
We paid off our house in 8 yrs 10 months! 🎉
We have a goal to pay off our 15-year mortgage in the next 2 years. We started with a 30-year mortgage and refinanced when the rates were super low, so the total payoff time will be about 10 years. We've been putting extra every month into the house, and we're getting super excited that we're almost done. We can't wait to not have a mortgage payment!
Congrats!
‘Go get emmmmm’, freedom is coming soon, stay on course! 😃
My goal is to pay off the rest of our mortgage in the next 3 years after 12 years living in the house. We started paying more than double monthly 8 months ago 🏠
Same 😊
The number one benefit you mentioned is less stress. Imagine a world where you don’t owe anything to anyone.
Yes! Now if we could just get rid of those taxes haha
@@spdog3344haha I was this close to writing in parentheses (except for the government) 😂
The taxes & insurance portion of my mortgage payment is as high as my 3% loan payment. What I owe every month would just be smaller, not non existent. I had the full amount to p/o the mortgage but invested it instead. My net worth is much higher now and also not tied up heavily in real estate. Paying off the mortgage isn’t for everyone.
@@MKK-wg7fz True, you’ll always have a payment, but wouldn’t your payment of just taxes and insurance be far less than most people’s rent? Especially in 30 years? Also, in theory, you could self-insure. I know some homeowners who do that-not that I recommend it, but their thought is that with the money they save from not paying for insurance, they can cover any losses they might incur.
We are 2 1/2 years into a 30 yr mortgage, we’ve paid off 13+ years so far… our goal is to pay off off in 5 years, with no renewal! 🤞🏻 🏡 ❤️
Woah!! How have you done it so fast
@@serenamowery658 Accelerated weekly payments, then we doubled up each payment & we’re making a 10% lump sum payment every year. We’re in Canada 🇨🇦 so things will probably vary depending on your location. We live on a *very* tight budget in order to do this as well.
Wow, any advise on how you did it?
@@serenamowery658 An extremely tight budget. Double up payments & 10% lump sum down on our yearly anniversary date.
@@joshuacastillo8599 An extremely tight budget. Double up payments & 10% lump sum down on our yearly anniversary date.
I started watching dave Ramsey about 2 yrs ago.. (finally out of debt) I’m 52, I wish I had my current thought about money earlier in life . I have been able to make better financial decisions, and am focusing on paying off mortgage.. thanks for all the advice George. You help keep me motivated! Btw I have 63,000.00 left on my mortgage.. if I keep on track, I think in 3 yrs it will be paid off..
You're not out of debt if you still owe $63,000 on a mortgage 🤑🤡🙈
Just paid ours off last week. Did a 30 yr in 12 yrs.
Good Job!! You are about to find out what peace feels like
Paying mine off in 12 years too, but I have another 6 years left.
Nice job, what was your interest rate?
@@CaptainBenjamins 3.95%. Yes, I know HYSAs are giving more than that now. No, I dont care.
*Applause*
We put 20% down on a £400k home in the UK, and paid off the £320,000 mortgage in five years. No gifts from family, no windfalls, just full focus and hard work. Almost a year since we did it and the peace we feel is unmatched! All of our money stays with us now, and we are having TONS of fun budgeting it for future goals!
I've never thought to ask anyone from the UK this until now do you all pay taxes on your land that your houses are on?
@@motoryzen You pay Stamp Duty when you first purchase your home. How much you pay is based on factors like whether you're a first-time buyer, price of the property etc. Other than that I just pay a monthly Council Tax which is around £150/mo
Are you searching for applause or award? Who asked?
Heck yeah! Congratulations! I just married a British woman last month. I'll be making my move over to the UK from the states. We plan to buy a 2nd home in the near future.
@@Observer100-cn7gv Literally George did, at the end of the video 😂
Video starts at 05:40. Concept of paying a mortgage early is akin to working/harder to receive more than you would/have.... Good idea as long as long as you take care of yourself/and others in the process🙏
Thank you. It's amazing to me how many DR videos have so much fluff in them. I know, I know, this technically isn't a DR video...
I worry the inflation will eat up my savings if I leave it in the bank. I have about 180k that I want to invest in the stock market, but I don't know how to start. Any suggestions?
Inflation is really a silent eater of the value of your money. Good thing the stock market can help you beat it. But it's wise to actually learn how to invest, or to make it easier and more effective, you could work with a financial advisor.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
Thank you for the recommendation. I'll send her an email, and I hope I'm able to connect with her.
@@gregorywhemcongrats
*Thank you😊 for this video, do you offer account management or have any recommendations?*
As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant
If you’re using a good manager, it’s easier to earn from the market
I've been trying to trade but I keep making losses and it's frustrating
VICTORIA K WALTER is exceptionally good, i believe you should give her a try
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
Just paid mine of yesterday June 27th would have been 9 years. I'll be 36 next week. Work construction, live in CA have four kids and a stay at home wife. IT CAN BE DONE JUST HAVE TO GET UP AND GET MOVING.
Congrats
@georgewagner7787 thank you sir. Payed off with 5k left over in the account , hurt to pay that amount and go to just about zero but now we are back up to close to 30k and breathing fine haha now it's full steam toward investing. One day hope to do the same as you all / k-hammer love doing it for friends and to do it for a living and help people for free what a dream.
*Investors Quick Survey #13:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
None for now. It's getting harder to predict market trends post covid, the market is so volatile rn can go down anytime and eat your whole deposit.
I mean no disrespect, but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Only small and mid-caps seem to be stagnant other companies are making record profits... As a beginner investor who knows next to nothing, I have made over $30k profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together.
Hi ANTHONY, your profit margin is quite impressive for a beginner. Good for you!!!! can you share your spreadsheet or investing journal?? inadvertently, i sold a boatload of my portfolio recently.
I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I simply follow Kelly Matwick's investing techniques and guidance... You can look her up she's registered.
Tsla has beaten both Apple and Microsoft in 3 months, 6 months, 1 year, and 3years charts. BTW, I commend Kelly's investing perspective and honesty.
Hey. My boomer spreadsheets have served me well. 😅 Great video. Retired abroad, debt free and enjoying life.
Currently serving me very well as I type this.
Issue is, income vs. Inflation vs. Margin. My wife and I made it to 4, 5 & 6, but have stalled out. Mainly, Inflation has eaten into the margin we used to get to 4, 5 & 6... and even with side hustles and cutbacks, it's all we can do just to keep our expenses to our income level, which means we're treading water. My wife and I both work almost full time, and its not so easy to just up and find a higher paying job.
And so, we soldier on!
Stay strong, you got this! 🤓
Your channel is not only so informative and easy to follow, but unbelievable unique and super fun to watch❤
Not really, it's for the simple minded.
@@V8Brah and yet, here you are
We’re snowballing our rental and primary residence right now (since it’ll take less than 5 years for us to complete, we’re keeping the rental per Ramsey guidance).
Our rental should be paid off by April of next year, and then we should pay off our primary residence about 2.5 years after that with the mega snowball effect of a paid off rental. It’s gonna be awesome.
My 9 year old is George’s biggest fan. He loves the cleverness and creativity that accompanies the good financial info. Keep up the good work!
Thats weird AF
My husband and I started the baby steps 7 years ago. It took us 2 years to pay off $42K in consumer debt. We have three kids 5 & under. We just paid off our mortgage a couple weeks ago! It took us 4.5 years to pay it off. 🎉
Congrats! Can't wait to get there! How does it feel?
Congratulations 🎉
Thank you for mentioning your kids so many people use their kids as a reason of why they can't do whatever.
@@davechung peaceful! It hasn’t fully set in since we haven’t had a month with no mortgage payment yet. We’re excited for what the future holds!
@@richsamuel2922 my kids are the reason to do this!!! 🤍
I “was” scheduled to pay off our 30 year mortgage in 9 years 9 months by March 2026. I’ve been tightening a few things to save more here and there, and now I’m scheduled for October 2025, so 9 years 4 months. If I can squeeze even more out of this home stretch, I’ll try for summer 2025 to pay it off in just 9 years! Can’t wait.
I just paid our 30 year off in 9 years and 3 months, and now I’ve just been laid off work for around 2 months… phew!
And were you able to max out a 401K/IRA so you can retire some day?
@@glasshalffull2930 If you’re meaning me? No, complete opposite, I put a hold on my 401k contributions in order to pay for the mortgage (8.5% interest), now I’m left playing catch up… BIG TIME!
Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
@@glasshalffull2930 a house is even more important. My mom had pension but dad didn't. The sold their house and bought into a beautiful retirement community
hopefully will have ours paid by 2026. making double payments last 3 years. original price was 260k and down to 100k now. its fun to watch it evaporate. follow george's advice and make sure you have an emergency fund maintained so that you dont go back into debt.
I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and I’ve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?
⚠️* SCAM ALERT *⚠️
Scammers
I paid off my house this spring: 11 years on a 15 year mortgage. I'm not rich. I haven't now changed my lifestyle, but it has been wonderful for my peace of mind. I want to build up a few funds, but then I look forward to being able to invest it after those funds are built up.
I did a combo - expedited my pay,met towards principle until I have enough to pay it outright by liquidating if sht hits the fan. Then I shifted focus on securing my retirement and investments. My mortgage is 2.25% on a lower principle amount than my portfolio growing at 7-10%. It just makes sense mathematically and from a peace of mind standpoint on both fronts.
Ours will be finished in September or October. I haven't decided. It depends on how much we cashflow needed repairs vs. throw at the mortgage. Either way, we cut our thirty year loan in half by following the baby steps. Since we started, it will be 5 years from FPU to paying the mortgage off.
I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *Pecuniary backdoors* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.
George is the best, we are renting and just saving up to buy a home in cash l - we think it will take us 5-7 years. Would rather have a blessed home than a cursed home.
I like the idea, but just something else to consider. How about saving enough of a down payment to where the theoretical mortgage = current rent. Keep in mind during this time housing prices fluctuate and your rent is likely to increase during that period.
@@seanoneill7345 not a bad idea actually.
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
I would be happy to hire someone with a good reputation. How can I locate and thoroughly check them? We started thinking about the concept because we have a family lawyer who has periodically mentioned fiduciaries and we know how valuable they are.
Marisa Michelle Litwinsky is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Having someone like you who’s not only a great innovator but also pulls his best to get the work done so beautifully needs nothing but appreciation. *Top phase resolution* Thanks for the well off work you consistently bring your all and I truly appreciate that. Thank you for making corporate life so smooth. Proud to have you on our team. Great work as always.
We will have our 10 year mortgage paid off next month..6 years early!! Yep! Almost exactly 4 years! I am so excited. It would have a.ready been paid off had my husband not gotten sick..we didn’t want to hit our emergency fund too hard..so we added 3 months to the pay off! I love it and I am so excited!
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
WHAT IMPENDING LAYOFFS?
Our mortgage balance is 30k. We pay extra payments per month. Our goal is to pay it off by October 2027. Or earlier. Houses in our neighborhood are being sold twice of the original amount. It’s been crazy prices like that. We are in California. 7 years ago we sold our 2 story home , and bought a smaller home. We downsized, used our equity to pay our down payment on the new home. Now, it’s twice the value . Thank God, we did. Now, buying a new home is so expensive. We are now retired and living simple life. No stress like before, when we were in our big 2 story home. Plus the property taxes before were way up, almost 12 k per year.
We need more immeasurably wise and compassionate humans like you on this planet. Thank you for sharing *Pecuniary Backdoors* , Leo. I bet I'm not alone when I say this video found me at the perfect moment, and there are a lot of things here that I needed to hear right now.
And to add..... if you are in the first few years of a 30 year, those extra dollars are at their most powerful. More specifically, if you make a plan to say, buckle down for just the first 2 years and make double payments (house payment only, not taxes and insurance that most mortgages include), each overpayment will cut off 4 payments or more from the end. In short order you can cut off like 8 years off the end with a little suffering and a goal. After the 2 year blitzkrieg, you can start going to a normal budget, and hopefully throw a couple hundred extra bucks a month at it. But those first few years are the most important for saving massive amounts of interest.
That’s what I needed to hear, definitely gonna try to push hard for 2 years. Luckily company is wide open OT. Desperately need people.
An example of what @spazzman90 is saying:
I have a 30-year mortgage, because I was worried about "what if I lose my job" but I paid every month as though it was a 15-year mortgage.
1.5 years after buying the house, my balance was as though I'd made 4.5 years of "normal 30-year payments." This alone saved me $54,000 of interest.
The following month, I hit it super-hard with principal payments totaling over $93,000 by cashing-out non-retirement investments. By the end of the month I was at "year 15" of the initial amortization schedule, and avoided paying $151,000 of extra interest I would have paid had I stayed with the 30-year timeline. That's $205,000 so far that I won't be paying the bank!
It's fun to watch the interest amount decrease every month
I followed this plan and it feels amazing!
I cannot imagine completing this project without you *Top phase resolution* . You are amazing. Thank you for being there for me. Not a single effort of yours will go in vain. You will be rewarded for your pain. Your hard work will bring you a lot of gains. Well done. Your achievements speaks itself about your capabilities. Slow and steady makes it to the top! Good job! Jon
Overpaid homes bought during low loan rates will spark a housing crisis. As prices drop, owners with no equity will face foreclosure, unable to sell without incurring losses. With mass layoffs and rising living costs looming, many will struggle to afford their homes, exacerbating the catastrophe.
Diversify your portfolio by investing in stocks to offset real estate risks. Even in recessions, markets offer great buying opportunities with caution. Volatility can create excellent short-term trades. (Not financial advice) But with cash yields low, now's a good time to invest!
Exactly! With guidance from an investment coach, I successfully diversified my $450K portfolio across asset classes, generating an impressive $830K in net profits through a strategic mix of high-dividend stocks, ETFs, and bonds.
After a dismal year for my portfolio, I sought new strategies to revitalize my investments, but every approach I attempted fell short. I'm eager to learn from your success - could you please share the name of your financial advisor?
My CFA ’Rebecca Noblett Roberts’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Searching her name online led me straight to her website. Thanks for the tip, you've saved me hours of research!
In Canada we don't get a tax deduction on primary residence mortgages.
It's not great in the US either now that the standard deduction has gotten a lot bigger
I'd rather invest the money remaining at the end of the month in an S&P500 ETF that pay down debt at 2.65% interest rate.
Yup. I work for a large Credit Union, we are borrowing $200 million a month at 5% to lend at 8% to make money to pay dividends to the members. (all of the deposits are already lent out for loans).
What about taxes and insurance if you pay off your house you still have to pay them. Look at your mortgage statement it's a good portion of your payment. So is it really free and clear?
I get paying off the loan early and saving on interest. Taxes and insurance go up every year specially in Florida.
More people need to take your advice
The worst mistake i can make is not to say “Well Done”. But I’m not such kind of fool who doesn’t have the eyes to see the progress. You really did it very well. Great Job *Pecuniary backdoors* This is a great credit achievement for you, as well as for our company. You have shown us how to finish a tough task very smoothly. We have many to learn from you.
Went through FPU 11 years ago, it was the best decision we've ever made. We were able to pay off $60k in consumer debt and student loans in 16 months. From there, 7 years to pay off the mortgage! Now we focus on savings and giving!
When you pay extra on principals, it makes sense to do it right off the bat as more goes to the interests in the first 10-15 years. I've learned the best way is to put down 20%, then put the leftover before your first payment due comes, if you can put more than 20% down payment.
This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the *Pecuniary backdoors* on the internet movement when I say ancestral your a gift to our people
Is all about having a conscious responsible mindset to protect your home, credibility, My grandmother always told me put away and save at least $50-$100 in *Pecuniary backdoors* . Every time I get paid ..As paying yourself as a bill put the money in an envelope that’s emergency cash for household and myself. take the rest of the pay and take care of your rent and your other expenses… thank you for this video is very informative.
Looked up Laurel road. It doesn't connect to your every dollar app. Can you make a video on ones who do and are good as well.
$20,000 invested into the market late last month, and today it's up $61,342. Already crossed $5k\daily NET profit. Loves the videos mate keep going❤️🎉🎉
How please???
Thanks to my co-worker(Alex) who suggested mrs *Elizabeth Regina nelsen*
Her top notch guidance and expertise on
digital market changed the game for me
Wow! Kind of in shock you mentioned expert, Elizabeth Regina Nelsen. What a coincidence!!
Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Elizabeth Regina daily signals and guides as long as it works well for me❤❤
When you say average is $1700/month what does it include? PI? PITI? Saying a zero mortgage payment is incorrect if PITI as you will always have taxes and insurance. Enjoyed the video message on eliminating the debt as that's what is important.
I see comments about rates of people that have great interest rates on their mortgages, and this method wouldn’t work for them. GREAT! …..
Most people with money issues don’t have their money already working for them, and their mortgage rates are high. That’s when his method will work. Not all methods are for all people.
That’s the ultimate finish line, paying off the house !!!!
I absolutely love Dave's view on debt and mortgage is the biggest debt anyone can take. Paying it down to zero is a mindset change. Being "debt free" and not owing anyone money gives you control over your finances and frees up your cash for more aggressive investment. I am working on paying down my mortgage by end of this year. I would recommend everyone to listen to Dave Ramsey's view on mortgage and debt in general.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Impressive can you share more info?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Vivian jean wilhelm for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I have 2 chapter 11’s that are dismissed.The reason I have 2 is bcz I did not use an attorney.I was trying to stop an eviction,but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later,I ended up losing my job.They are scheduled to fall off in January and March 2021.Since I’m looking to purchase a home soon but still there.I am currently enrolled in *Pecuniary backdoors* and I must say,I am loving
George Kamel, fun fact: [0:40] the minced oath sacré bleu (from "sacrament") is not used in France. It's a French Canadian Quebec thing.
@3:54 George says you can take your entire mortgage payment and start investing it on f you pay off the mortgage. I think you need to be more careful how you word things. You can’t take, or at least shouldn’t, invest your entire mortgage payment because you still need to pay property tax which is at least several hundred dollars a month. And you may have homeowners insurance as part of your mortgage too.
Fair point
You’d have to be the most realistic fella I’ve ever heard speak on this subject. I’ve tried for years to tell people that the ‘true’ cost, of what they actually pay for the mortgage, INCLUDES interest rates, most won’t listen.
Do be careful of overpayment fees. Depending on where you live and what sort of product you have, you may incur a fee if you exceed a certain limit of additional payment. If you would incur such a fee, you'll need to break out the calculators and work out if eating the fee saves you so much money on interest that you are still saving money by increasing mortgage payments. Otherwise there may come a point where it's more financially efficient to acknowledge that you've reached a point of diminishing returns on the mortgage and look for other ways to save/invest.
I’m renting cheap snd saving cash; I’ll have a lot to put down, then a 5 yr payoff plan.
Wonderful, just wonderful. Truth must be sought beyond whatever social baggage you are carrying and must let go of. Forward momentum is accelerated in crystal clear vision. *Pecuniary backdoors* dropped serious knowledge. My credit presently runs from good to excellent, but I want from excellent to most excellent. I hear that this is the way to do it. I love the whole precision of this methodology. Here is power. Thank you.
600k left on the mortgage and we have extra 5k per month to pay towards it. Even at that rate I may not be able to close the loan in 10 years. Interest rate is 3.9% and we had a 20% down at the time of purchase.
I just wanted to say thank you for sharing this. Because you're right. The worst thing that you can feel is hopelessness. And I hope that someone who is on the verge of losing hope finds *Pecuniary backdoors* and realizes that as long as you're still alive and breathing, there's a chance, there's HOPE that the future is brighter then the present day.
I plan on paying off my mortgage early, but at 3% interest, it's much faster to invest my extra dollars.
A 10 year payoff schedule for a $300,000 mortgage would be $2,896.82/month.
With a 30 year mortgage, making a payment of $1,264.81, you invest the difference of $1632. Assuming 10% rate of return, after 8 years you would have $234,048 and the remaining balance on the mortgage would be $236,261.50. So the house would be paid off 2 years sooner. It also gives you increased flexibility.
The only downside is that it requires more discipline. You have to actually invest the difference and not buy some dumb crap you don't need instead.
Leaves out the risk of investing, you can’t guarantee you’ll have 10% return annually at any specific point in time. Market could be down or up, who knows.
@@Jrichardstein Over 30 years invested in index funds, you are most likely to average at least 8% annual returns.
@@Jrichardstein Definitely risk involved over short term... if he planned to pay off right at the 8 year mark, don't know if markets will be up/down... But over a 20 year time frame, nearly guarantees you will have made enough to pay the mortgage off 3x over.
I came to say the same thing, This definitely is the better way to go. Paying off your house early just misses your chance for your wealth to compound over time.
This is the way. Historically S&P index fund average 10% (or as George's friend Dave Ramsey says 12% but ok) even if it were 7% your outpacing that mortgage significantly. It's riskier to throw all your money in for 10 years during those younger years when compounding interest has time to really work hard. Go look at charts of investing $100 from ages 20 to 30 vs ages 30 to 60 and those 10 years when your younger beat out 30 years when your older.
I am about to pay my house in 7.5 years....🥳. 240k initial value... 10% down payment...... 30k to go.... monthly payments were 1.2k... on the 3rd year I started adding 1k monthly then every year I added more... the last 3 years I have been adding 3k in the top of the 1.2k.... we are so happy we made this decision a few years ago. Thanks for showing us the way.
It’s not zero. Our taxes and insurance are over 600/ month.
So, we have been blessed with the ability to own three homes in 8 yrs. We have finally decided to start paying them off ( two are rented and the rent is paying the mortgage) the wife wants to start paying off the one we currently live in, but I want to pay off our first purchase( which she disagree because it has the lower rate @2percent and we plan to sell it in the future) I feel it will generate income to tackle the other mortgage and when we do sell we can use all that money toward investment and paying off the next mortgage. Which direction you recommend we start with?
Currently on Baby Step 3b.
And at my main job I'm getting incremental raises of 5k a year until I reach 40k in 3 years.
Heist plan: Stay at my second job washing dishes through December, which turns our house savings to 20k. Using the raise next year I'll have 45k down on a 220k house (rural Iowa ftw), and after retirement and 529 contributions will be contributing an extra $500 a month to mortgage payoff. Following year cranks it up to $700 a month with $80ish increases each year after that. I'll have the house paid off when I'm 39 and 4 months old. I just turned 28. I can do this
I struggle with this. Debt free except the mortgage and have the resources to pay it off but the opportunity cost is MASSIVE
Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
Should I pay off the house if it's not my forever home? We are thinking of moving in a few years.
Ask yourself:
What am I going to do with the money instead? Liabilities? Invest? and if so what are thier outlooks for when you need the money? Are you going to sell within 2 years or 7 years? Whats your mortage interest rate? Can you instead put the money in a high yield savings account with a higher rate?
In the end, putting extra money towards your house is never a bad thing. But depending on your answers here, it could be mathematically better to put it in other places.
Same question we have too!!!! If or when we find our forever home the idea is to turn current home into an income generating property which would pay off the mortgage early.
depends on your interest rate.
@@nickstark8479 Thank you your answer really helped! Right now we have a low interest rate since we refinance before the market went all crazy. Thank you again for reaching out 😃
Thanks for the video, I don’t completely agree.
Most of people have a salary. I thought that If the mortgage interest rate was below inflation rate.
Your salary will be adjusted and by when you are on your 15th year of payment that same payment will have a lot smaller value of money ? Am I missing something ?
163k to go, should be paid off in December 2025. 30yr paid off in 15 years. Happy with that considering my husband isn’t a particularly good budgeter.
146,000 and started making extra payments in September of 2023. Our goal is April 2026 just before my 31st birthday! 😊
Paying off my remaining $90k on Monday. Bought my house in December 2022 for 1.3M in Los Angeles. Cant wait to own my home!
Most of my my mortgage at 2.875% is tax. Even when it's paid off my biggest housing expense will still be taxes.
😂😂
I started getting into serious budgeting only a few years ago and making extra principle payments. Now I'm expecting to pay it off 14 years early.
wow this format is actually great and really funny. Just clean up all the bots in the comments. I swear this would pop off... if george was prettier lol im sorry but thats just how it is
This channel is the sole exception where I haven't skipped the promo ads. Your finesse in effortlessly integrating promotional content within your videos is genuinely impressive. Sometimes, it takes a moment to recognize that you're endorsing anything; I commend *Top phase resolution* for your adept execution in this aspect!
“As long as you have a mortgage, you don’t own your house”
Property taxes are standing behind you with a bat…
If you live somewhere where decent homes are 400-800k then sure. But in California your decent starter home median is 900k and anything in a decent neighborhood with no backyard is 1.7-2.4 million. It’s all relative. Not sure why so many are having a hard time paying off or saving for a home that’s selling for only 300-450k.
Because they live in regions that don’t pay well, it’s all relative.
Paid house off in 9.5 years versus 30 years.Saved over 90k in interest....F the Bank 😅
8 years into a 25 year mortage. Paid 3.5 years exta. Normally 13.5 years to go but planning on 9-6 years left (6-12 extra monthly payments/year). Just wish I discovered this method sooner. Could've been so much further ahead.
Do you recommend to pay the house off even if you have a low interest rate? I'm throwing in some money to my mortgage just to cut it down a bit, but I've been putting more of money into investments.
Yes.
No. I am at 2.75%. cost of funds analysis, invest your extra money. I work for a large Credit Union, we are borrowing $200 million a month at 5% to lend at 8% to make money to pay dividends to the members. (all of the deposits are already lent out for loans).
I love my compression stockings
I get such GREAT service every time I go to the *Pecuniary backdoors* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!
Even an extra $100 a month makes a difference. Especially if you are in the first few years. Looking at a printed out amortization chart will help put it in perspective.
On track to pay mine off in 6 years. I am already putting 15% in a 401k. Every pay raise I get, that money towards my mortgage. I did a 30 year loan (not what Mr. Ramsey advises); but life happens and can always go back to my original payment.
We have huge daycare payments and are prioritizing investing because of the compounding potential on dollars invested in 20s/30s. so once the kids are school age and daycare payments are gone, we plan to pay off the house in our early to mid 40s probably. Sounds nice to have the peace of no debt at all.
I’ve had the goal to pay off my house. Until I thought about this… I paid $175,000 for house. Will be paid off in 8 total years.
My income is lower than when I bought house in 2018 and went from 0 to 3 kids.
When the house is paid off I’ll need to repurpose the $1,800 a month to other budget areas.
Here’s the issue. If I move to ANY other city (I live in small town) in the world the same house I have is 400,000 in places.
So I sell my house for $250,000 if I’m lucky around here. Hooray, I’ll still have to finance $150,000 to get comparable house.
So I’ll still have to finance around same amount I did to start.
This really works if you plan to stay in paid off house or can repurpose your paid off mortgage to invest and save for next house.
I feel I’ve wasted all these years working hard paying off a house with 2.5%. My life season changed (more kids, eventually need bigger house, or will move cities) from my original goal.
Not to mention home insurance doubling, new AC, etc.
You can still do it. Try Paidoff where all money goes into principal not interest and you only pay simple interest not compound. plus you end up with a huge line of credit. For now it is available only in Colorado but they will be expanding .
This guy is hilarious and has excellent videos. Great find!