Wouldn’t it be great to be able to pay off the mortgage? If you were to build a plan to pay off the mortgage early, you would be surprised. That plan is a great strategy for how to save money.
Are you shackled to your home? Your home is likely the biggest investment of your life. It should also be your BEST investment! Did you know that if the typical new homeowner were to pay just $1 extra to their mortgage payment, they would save $5? It’s the best answer to how to save money out there.
The secret is compound interest. The longer you borrow money, the more you will pay in interest fees. But there is very good news. The same compound interest laws that work for the bank also work for you. When you learn how interest works, you will be surprised at how much money you can save.
My personal journey began back in 2006. I was a hotshot MBA, real estate broker, and owned part of a development company. Then, the market started heading south. Then the real estate bubble burst and everything came crashing down.
I started looking at my personal finances, and I looked at my mortgage. I did a quick calculation, and I was paying 97% interest on one of my mortgage payments. That was crazy. I needed to discover how to save money, in a big-time way for myself.
I broke out my business school Excel Spreadsheet, and I started doing calculations. I discovered something amazing. I discovered that by paying just $1 extra to my mortgage, I would save a lot. I can’t wait to show you how it works.
That’s right! I will show you how A dollar saved is Five dollars earned. If you’re diligent, you will see how Two dollars saved is a Thousand dollars earned. Thank you for visiting my blog!
Let’s see how much money we can save!
