Episode 24

The magic trick to paying off a mortgage in a shorter time frame

In this episode we discuss the magic trick to paying off a mortgage in a shorter time frame, to save thousands in interest costs. The trick is that there is no magic trick – plain and simple. Like the dream of 7-minute abs, or 6-minute abs…. (but what about 5-minute abs!) it takes a bit of work to get it done.

We look at:

  • One simple strategy is to make your mortgage payments weekly, in addition to increasing your repayments.
  • With this formula you can halve your mortgage from a 30-year term into 15 years.
  • We’ll deep dive into ways to do this, but start with the single simplest and most effective way to crush debt.
  • Doing this can save literally thousands in interest payments and increase your financial freedom.
  • We also discuss different interest rates. Obviously with higher interest rates, you save a lot more.
  • Finally, we run through whether it’s worth investing the money instead, or repaying your debt.

 

Here’s a link to the Pay Yourself First Episode

 

 

 

Furious Fridays: Wolves in Sheep’s Clothing: How socialism is threatening our amazing country

Furious Friday Wolves in Sheep's Clothing: How socialism is threatening our amazing country Welcome to Finance & Fury, the Furious Friday edition. To start this episode, I want to say just how incredibly lucky we are to be born in Australia during this time, even...

The opportunity cost of home ownership

Welcome to Finance and Fury, The Say What Wednesday Edition - Where every week we answer your questions Today's question is from James Hi Louis, Just a question regarding owning your home. Me and my partner would like to eventually own our own home but we are worried...

Would a one world currency actually work?

Welcome to Finance and Fury, the Furious Friday edition.  In this episode we will look at the concept of a one world currency and if one single currency could actually work for the world? There has been an increased level of discussion around this topic over the past...

Never let a crisis go to waste – Why to watch out for proposed economic solutions after a financial collapse.

Welcome to Finance and Fury, The Furious Friday Edition Today – want to explain why to watch out for proposed solutions to economic or societal issues Last ep – talked about the battleground between the Bankers and Governments back in the early 30s – Was a wild...

5 property investing myths you have to stop believing immediately.

Welcome to Finance & Fury! Today we’re talking about five property investing myths you have to stop believing. At the moment property has gone from being the most talked about, exciting thing… to the most talked about, negative thing. Since 1994 there has been...

When bond yields start to rise, what happens to the price of gold and shares?

Welcome to Finance and Fury. In the last episode I went through the bond market and how inflation expectations being on the rise are having their effects, yield curves starting to steepen. So what will happen to other asset classes? In this episode we will look at...

What is happening in the property market and will property prices decline from here?

Welcome to Finance and Fury, the Say What Wednesday edition. This week’s question is from Martin. Paraphrasing the question – but the crux of it is - What is happening in the property market and will property prices decline from here or were the original bank...

The story of Dave Portnoy and a warning to any new traders about overleveraging.

Welcome to Finance and Fury. This episode is about the story of Dave Portnoy and a warning to any new traders of overleveraging – or even using leverage if you are relatively inexperienced There are Millions of new investors are getting into the market- which is great...

Furious Fridays: The Holocaust, famine in the Ukraine, and how we just keep repeating the same mistakes, Rick and Morty style

Furious Fridays The Holocaust, famine in the Ukraine, and how we just keep repeating the same mistakes, Rick and Morty style Welcome to Finance and Fury, Furious Friday Have a think about how much you know about history? Are you familiar with the big events, like WW1...

The market is in retreat! Is it from the economic impacts of the coronavirus or speculative selling and is it a good time to buy?

Welcome to Finance and Fury What a week last week was for markets – ASX lost value of just under 10% - All around news of the Coronavirus and speculation on Government responses – So Aus and international markets have dropped heavily – might be thinking that it is...

Pin It on Pinterest

Share This