I was amazed to see how many people I knew keep refinancing their homes to pay off bills, and then once again run up the tab. I have to admit it was hard for me not to do this as well. I mean the mortgage companies were literally begging you to take the money and run, but I had a 5% fixed on stated income so I saw no reason to rock the boat.
Don’t get me wrong, I’m not against consolidated bills. I look at personal finances the same way as business, if you can add cash to the bottom line monthly by doing this I’m all for it. I think so many families took advantage of this opportunity and instead of building wealth; they put themselves into a deep pit of debt. Now I don’t have to tell you what happened to the housing market. We, and I mean the good honest people got the short end of the stick, (That’s Another Blog All Together) You see I have trouble understanding why so many have just accepted this as the end all be all.
Look, even if your home has lost 50 percent of the value, there are REAL programs out there that can help you pay the home off your home and debt. Yes, they cost money, but think about your investment. You bought the home as an appreciating asset, and it crashed. Now what are you to do, well you can wait out the loan, pay monthly, and at the end, you will have the same result as if the home doubled in price. A second option is to invest a little more into the home now to help drive the cost down and build equity and your wealth. People will invest 15,000.00 to 25,000.00 into a bathroom without blinking an eye because it ads equity to the home, but usually not full value of the investment. We all know the only way to get full equity is to pay down the loan.
I understand the right now people don’t have the money sitting around to pay extra on the mortgage, as a lot of families are now living pay check to pay check. So how do we fix this dilemma?
Simple, we teach you to leverage money so it will harder for you, so you do have to work harder for your money. Using simple techniques, you will be able use the money you have right now to pay your home off in just a fraction of the time.
Don’t believe this is possible?
I understand, most people are uneducated on how money actual works and how to used it. They simply decide to put their head in the sand do what mom and dad taught them thinking everything will be fine. The only thing you guarantee yourself with this approach is a face full of sand, and your golden years not being so golden. Imagine if you were able to take your mortgage payment and shift it into your retirement fund “Even In Today’s Markets”, those golden years would be a little shinier and you would not be looking at a second career as a Walmart™ greeter.
Matthew Kominiak
*Matthew Kominiak is a Self Made Millionaire and Home Business Expert. He left his traditional business model to leverage the power of the internet. In a short time with no experience, Matthew was able to build a thriving online marketing business that works for him. His mission is to teach others the very same techniques he uses every day to build up a healthy and wealthy lifestyle. To learn about the systems Matthew uses and how he can mentor you to achieve the life you want, submit your name and email on the top right and begin your journey today!
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