Save Money by Accelerating Our Mortgage Payoff

Save Money by Accelerating Our Mortgage Payoff

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Save Money by Accelerating Our Mortgage Payoff
Let’s save money by accelerating our mortgage payoff. Face it interest rates rising recently signal that the FED is succeeding in getting overall inflation up to two percent. In some areas, inflation is already higher. Look at rents, housing prices, healthcare, gasoline, and food. The need to save money is becoming a priority. There are only so many ways to make our incomes stretch.  One way of saving is often overlooked: saving money by accelerating mortgage payoff. Brian Kline at Realty Business writes, “There are many ways of accelerating mortgage payoff and doing so can save you 20, 30, 40, 50, thousand dollars over the life of your mortgage. For instance, you might make minimum payments for the first 5 years on a $200,000 30-year mortgage at 4.2 percent. Then, at the beginning of the fifth year, you start adding an extra $150 to your monthly payment. Your interest savings over the remainder of the loan is $26,093. A 17.15 percent savings.” But there are many methods to saving money by accelerating mortgage payoff.  Here are 4 more ways to Save Money By Accelerating Our Mortgage Payoff Save $34,449 with regular extra annual payments.Using the same $200,000 30-year mortgage at [...]
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175 – Quick and Easy No Money Down Secrets

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175 – Quick and Easy No Money Down Secrets
Quick and Easy No Money Down Deals – Part 1 This week I talk about quick and easy no money down deals, in fact I am writing an ebook on this very topic which will be available in the next few [...]
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World-Class Land Investor Who Makes Money On The Fly

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World-Class Land Investor Who Makes Money On The Fly
Our guest, Austin Krajicek, is not only a current coaching client, he is also a professional tennis player who travels the world and ranks #39 in doubles… and he joins us today to talk about hi [...]
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174 – Crowdfunding Lessons with Private Money Rockstar Jillian Sidoti

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174 – Crowdfunding Lessons with Private Money Rockstar Jillian Sidoti
Crowdfunding Lessons with Private Money Rockstar Jillian Sidoti This week I interview Private Money Rockstar Jillian Sidoti who is one of the country's leading experts on Regulation A+. (Regulation [...]
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April 2019 Net Worth Quarterly Update

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April 2019 Net Worth Quarterly Update
  This is my official Quarterly Net Worth Update for April 1st, 2019. Below are my actual numbers for ALL my investments and liabilities as of 03/31/2019. Detailed explanations and a quick summar [...]
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Building an Understanding of Your Market

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Building an Understanding of Your Market
When you’re running a business, your work never ends: one of the things you have to accept is that a business isn’t a single project that concludes successfully after you put in lots of work. It [...]
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More Money Monday Tip

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More Money Monday Tip
More Money Monday Tip Connect on Facebook Share [...]
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How to get college scholarships in 2019 (how I got $100,000+)

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How to get college scholarships in 2019 (how I got $100,000+)
How to get scholarships in 3 easy steps Step 1: Adopt a robust “scholarship application mindset” Step 2: Learn to find the scholarships that will pay THOUSANDS Step 3: The only application [...]
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How to talk to people (even if you don’t know what to say)

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How to talk to people (even if you don’t know what to say)
You’ve probably been there before: You walk up to a group of friends talking. Stand there awkwardly while waiting for one of them to notice you. Wish for death. You start telling a story to a grou [...]
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Ways You Can Become Financially Stable

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Ways You Can Become Financially Stable
While figuring out whether you’re financially stable or not has a little more to do without just being able to decide if you could survive longer than paycheck to paycheck, but more has to do with a [...]
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Fear of Not Having Enough Money

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Fear of Not Having Enough Money
Fear of not having enough money. A staggering two-thirds of Americans are more afraid of a money-related catastrophe than anything else, including death, according to a recent survey conducted by GO [...]
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How to Save Money on Food Expenses

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How to Save Money on Food Expenses
While there are certain monthly expenses that can be cut if you try hard enough, such as a gym membership or even a cable bill with so many streaming options these days that it doesn’t make sense to [...]
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The Biggest Retirement Planning Mistakes

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The Biggest Retirement Planning Mistakes
Staying on top of the family finances is a huge responsibly, probably one that should not be handled alone without the help of your significant other, or even a family member or friend that you trust [...]
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15 lessons on money and marriage from couples who have been married 10+ years

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15 lessons on money and marriage from couples who have been married 10+ years
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples. Here’s what they said: [...]
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How to ask your boss for a promotion (with word-for-word scripts)

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How to ask your boss for a promotion (with word-for-word scripts)
Knowing how to ask for a promotion can make you rich Many of my students and friends who’ve used the techniques I’m going to share have successfully earned raises of $10,000 or more. But even if a [...]
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How to Reduce Monthly Money Wastes

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How to Reduce Monthly Money Wastes
Believe it or not, it can be harder to stay on top of your finances compared to losing weight, which is a popular resolution this time of year.  The problem is, you join the gym and try to make a [...]
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Retirement – How Much Money Do You Need?

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Retirement – How Much Money Do You Need?
Christy Bieber at the Motley Fool writes, “Retirement is a milestone most of us will someday reach because few people work until the end of their lives. But only around one-third of Americans are ve [...]
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Boosting Your Credit Score Can Save You Money

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Boosting Your Credit Score Can Save You Money
Whether you know it or not, your first impression to a potential lender is your credit score, which can not only decide your approval fate, but also, if approved, what your rate and terms are.  F [...]
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How Much Money Do You need to Invest in Real Estate?

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How Much Money Do You need to Invest in Real Estate?
The stock market has lost all its gains for the year. We are still up over 6,000 points since the Trump election. Some are getting nervous, and have moved money out of stocks into bonds. However, real [...]
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April 2018 Net Worth Update

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April 2018 Net Worth Update
  This is my official April 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 05/01/2018. Detailed explanations and a quick summary can be found belo [...]
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Peer-to-Peer Lending and a Savvy Investment Portfolio

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Peer-to-Peer Lending and a Savvy Investment Portfolio
Peer-to-peer lending is just one piece of the greater sharing economy that has boomed in the past ten to fifteen years. In a nutshell, it allows regular non-institutional investors with just a few hun [...]
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Honeymoon tour continued: My Rich Life travels in Africa

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Honeymoon tour continued: My Rich Life travels in Africa
I’ve been sharing my honeymoon stories and other aspects of my life on my Instagram stories. In the last installment of my Honeymoon Series, we explored Italy with our parents, and now we’ve move [...]
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Money Dials: Why you spend the way you do

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Money Dials: Why you spend the way you do
Do you ever wonder why people spend their money the way they do? Why take an expensive Uber when you can walk 20 minutes to get to the same place? Why pay for first-class tickets when we’re all goin [...]
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4 easy money fixes to do before New Year’s

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4 easy money fixes to do before New Year’s
Ah, the new year. A time for parties, champagne, and questionable decisions made because of the aforementioned parties and champagne. Before you say goodbye to 2018, there are four things you can do t [...]
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Money Mistakes You Should Avoid Going Forward

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Money Mistakes You Should Avoid Going Forward
You may think you are going about your finances the right way, month over month, year after year, making sure your bills are paid on time,and yes while that is important, there is actually much more t [...]
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Honeymoon BTS: What a Rich Life looks like for me

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Honeymoon BTS: What a Rich Life looks like for me
I always knew that I wanted our honeymoon to be unforgettable. My wife and I were thinking about doing a safari, and when we went out with a few married friends and told them, they said, “That sound [...]
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5 common tax myths could cost you thousands

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5 common tax myths could cost you thousands
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject. It makes sense though. There’s no class in high school on how to do taxes, and the su [...]
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4 gift-giving tips to give the perfect present this holiday

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4 gift-giving tips to give the perfect present this holiday
Headlines like “Oprah’s favorite things!” or “Tech gifts for gadget geeks!” have been popping up in your Amazon sidebar for weeks, all of America’s malls are playing “Jingle Bell Rock” [...]
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How You Can Avoid Any Potential Family Money Disasters

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How You Can Avoid Any Potential Family Money Disasters
It’s long been said that a large part of the reason for divorce is because of money, so in order to really avoid any potential family money disaster, it’s been to get out in front of it early on b [...]
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5 ways to take control of your finances

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5 ways to take control of your finances
It’s a question I’ve been asked since starting I Will Teach You to Be Rich more than a decade ago: “How do I take control of my finances?” At first, it can be hard to answer &m [...]
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Reasons Why You’re Always Broke

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Reasons Why You’re Always Broke
As the weather starts to turn and winter seemed to be in full force already, though it’s already almost Thanksgiving somehow, I can already notice the furnace kicking on more than normal and can ant [...]
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Q&A: What to do when you lose $113,000 in the market

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Q&A: What to do when you lose $113,000 in the market
When the stock market took a hit in October 2018, we saw the usual knee-jerk headlines: Blip or downturn? What the market meltdown means for your money Is it time to sell before we hit bottom? Stoc [...]
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Credit dispute: How to dispute any credit issue

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Credit dispute: How to dispute any credit issue
Errors and your credit history. Name a more iconic duo. I’ll wait. You can’t. Errors in your credit can occur for a variety of reasons, from simple reporting issues from the creditors’ side to m [...]
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How to freelance: 5 steps to profit

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How to freelance: 5 steps to profit
Learning how to freelance is the first step toward an unlimited earning potential. It’s a wonder why more people don’t do it — especially when there are so many good reasons to: Flexibility. [...]
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How You Can Save Money this Winter

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How You Can Save Money this Winter
While winter certainly does not prompt a time to save money, but now is as good of time as every to start making money moves that will help you save money and be able to get ahead, for example, paying [...]
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How to negotiate rent to save THOUSANDS per year

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How to negotiate rent to save THOUSANDS per year
I’m going to show you exactly how to negotiate your rent so you can put a couple thousand dollars — or more — in your pocket this year. Most people don’t think negotiating their rent can save [...]
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Define a Mortgage Short Sale

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Define a Mortgage Short Sale
Isn’t that what happens when you come up short on a mortgage payment? Perhaps it is selling your house with only a short time left on your mortgage.  Or maybe a garage that is too short to fit the [...]
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6 easy ways to make your money work for you

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6 easy ways to make your money work for you
Many people think that the only way to build wealth is with a job. While it’s a great way to earn more money, it’s not the only way. In fact, there are a lot of ways you can make your money work [...]
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Save Money by Accelerating Our Mortgage Payoff

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Save Money by Accelerating Our Mortgage Payoff
Let’s save money by accelerating our mortgage payoff. Face it interest rates rising recently signal that the FED is succeeding in getting overall inflation up to two percent. In some areas, inflatio [...]
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Easy Ways to Cut Costs to Save Big Money

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Easy Ways to Cut Costs to Save Big Money
By the time you pay the bills, contribute to your emergency fund, not to mention put in what you can for retirement, there sure is not much leftover, which makes it all more important where every doll [...]
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How You Can Stay On Top of Your Finances

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How You Can Stay On Top of Your Finances
Life certainly does move pretty fast.  It may just seem like you just finished school and started your career, and then suddenly you’re “grown up”, have a family of your own, and you start to t [...]
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Credit Card Mistakes You Could Be Making

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Credit Card Mistakes You Could Be Making
You know if you’ve ever applied for a mortgage, loan, or the credit card you use for purchases, that your credit score is a major factor in the rate you receive, and how you handle your credit card [...]
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7 Passive Income Ideas – That Aren’t Stocks

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7 Passive Income Ideas – That Aren’t Stocks
Everyone wants more money, but very few people are willing to go get a second job. Most of us can barely handle the first job, much less a second one. A common thread among these people is passive inc [...]
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Improving a Credit Score

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Improving a Credit Score
Credit repair is like losing weight. It is a process that takes time and with no quick ways to fix it. Doing away with the negative information on one’s credit report and trying to catch up on due b [...]
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Ways to Avoid Overspending

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Ways to Avoid Overspending
Let’s face it, when it comes to spending, there’s not a whole lot left in our bank account after paying bills, not to mention have enough for food and gas, so it makes sense to what to treat yours [...]
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Money Moves That Should Start to Occur Now

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Money Moves That Should Start to Occur Now
Handling the household finances is not an easy task, one that should not be handled alone.  Whether you share the finances with a significant other, as it’s important to keep them in the loop at al [...]
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How to End the Days of Living Paycheck to Paycheck

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How to End the Days of Living Paycheck to Paycheck
When it comes to the monthly finances, it probably doesn’t take much before the bank account is on empty after paying bills, not to mention hopefully contributing to retirement account, or having an [...]
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How You Could be Hurting Your Credit Score

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How You Could be Hurting Your Credit Score
If you’ve ever applied for a mortgage, loan, or even tried to get insurance, your credit score is a major factor in not only your approval, but at what rate you receive.  The higher the credit scor [...]
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Why Using a Credit Card Makes Solid Financial Sense

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Why Using a Credit Card Makes Solid Financial Sense
It used to be that using a credit card could give off the perception that because you’re charging, you don’t actually have the sufficient funds to make the purchase.  While I suppose that could b [...]
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Cashflow Ninja W/ M.C. Laubscher (Ep 151)- How to Create Income Streams with Notes

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Cashflow Ninja W/ M.C. Laubscher (Ep 151)- How to Create Income Streams with Notes
LISTEN HERE My guest today is Paige Panzarello. Paige is the “Cashflow Chick”.  Having been a Real Estate investor and entrepreneur for over 20 years, Paige has had experience in many differe [...]
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Tax Consequences of Selling a Los Angeles Inherited House

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Tax Consequences of Selling a Los Angeles Inherited House
Usually, people have questions about inheriting a house. Some want to talk about the tax consequences of selling a Los Angeles Inherited house. The tax implications can seem confusing. Most people don [...]
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