15 Year Mortgage Loan or 30 Year Mortgage by Curtis Ray
- 4 years ago
[15 YEAR vs. 30 YEAR #MORTGAGE]
Which is better? Ask yourself this question: Do you want a house paid off + a poor #retirement or a house paid off + a great retirement? The math is straight forward and simple!
When it comes to #CompoundInterest, it's about how much #time your #money can make money!!!
TIME is the part of the equation that people tend to forget and the most important factor inside of the phenomenon of Compounding.
The #math says starting now with less contributions is better than starting later with more. Here's an example that shows the influence of time in your pursuit of #wealth and #freedom.
$300,000 #home purchase with a 15 Year Mortgage or 30 Year Mortgage + #Compound the difference…
Up to $800,000 more wealth by starting now and get your money making money making money!
Both scenarios you end up #debtfree. Both have the exact same out of pocket, both are positive decisions...
However, one focuses on saving pennies while the other focuses on making dollars.
Which path do you want?
For me, the answer is pretty simple once I take the time to... "he who understands it, earns it!"
DM me to start the process to refi your house out of the 15 into a 30 and get your money making money!
Always Be Compounding!
#retirement #personalfinance #retirementplanning #mpi #rich #401k #ira #goals #moneytips #financialfreedom #financialliteracy #personalfinancetips #moneycoach
Which is better? Ask yourself this question: Do you want a house paid off + a poor #retirement or a house paid off + a great retirement? The math is straight forward and simple!
When it comes to #CompoundInterest, it's about how much #time your #money can make money!!!
TIME is the part of the equation that people tend to forget and the most important factor inside of the phenomenon of Compounding.
The #math says starting now with less contributions is better than starting later with more. Here's an example that shows the influence of time in your pursuit of #wealth and #freedom.
$300,000 #home purchase with a 15 Year Mortgage or 30 Year Mortgage + #Compound the difference…
Up to $800,000 more wealth by starting now and get your money making money making money!
Both scenarios you end up #debtfree. Both have the exact same out of pocket, both are positive decisions...
However, one focuses on saving pennies while the other focuses on making dollars.
Which path do you want?
For me, the answer is pretty simple once I take the time to... "he who understands it, earns it!"
DM me to start the process to refi your house out of the 15 into a 30 and get your money making money!
Always Be Compounding!
#retirement #personalfinance #retirementplanning #mpi #rich #401k #ira #goals #moneytips #financialfreedom #financialliteracy #personalfinancetips #moneycoach