Don’t pay off that mortgage

Compound interest is more powerful than you think ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Most homeowners dream about the day they can pay off their mortgage. Can you imagine the relief it will be to not have those monthly mortgage payments not to mention all of the interest you are throwing down the drain? But there’s something you may not know. Something I didn’t really understand 15 years ago even when I was a financial advisor and fledgling real estate investor. Compound interest is more powerful than you think. Logic tells us if we borrow money from the bank at, say, four percent interest like with a home loan, we’d need to make an equal rate of return on investment to match or hopefully beat it. Thus the feeling that it’s better to pay off a home mortgage as soon as possible because you can’t just stick your money in a savings account and make four percent interest. But the reality is, because compound interest is, as the cliche says, the “eighth wonder of the world,” you don’t need to match that rate of return if the interest is earning compound interest versus simple interest. In fact, for our example of four percent interest, you’d only need to be making 1.8 percent compound interest to beat the pants off of it. Sure, hoping to get a savings account to pay you 1.8 percent is like wishing you had a money tree spitting out $100 bills on your patio. But there ARE other financial vehicles that do offer much better returns than 1.8 percent. That’s what the ultra-rich and our friends at the bank understand. And why they have such a big Tom Cruise crush on acquiring debt—because they know how to capitalize on compound interest. The more money they borrow, the more money they can make. That’s the concept of compound interest in its simplest form. Watch this video on the Money Ripples YouTube channel for more compounding interest fun, where I go into more detail on how this can work for you. [VIDEO LINK HERE]( ) Don’t worry—it’s not as confusing as you are made to believe. Next, I’ll tell you how Walt Disney used the infinite banking strategy (before it was even called infinite banking) to transform a swamp into a pile of money. And how you can, too. You have to find your own swamp, though. Chris [CASHFLOW CALCULATOR]( ) [INFINITE BANKING]( ) [CASHFLOW CONSULTING]( ) [Facebook]( ) [Instagram]( ) [Youtube]( ) Sent to: {EMAIL} [Unsubscribe]( ) Money Ripples, 224 S Main St #147 , Springville, Utah 84663, United States