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Missed Fortune – The Quickest, Smartest, & Safest Way to Get Out of Debt

Posted on | October 18, 2009

The Best Way to Get Out of Debt

Many financial “experts” teach people to pay off their homes as quickly as possible, often recommending a 15-year mortgage. Many programs exist for helping people pay extra mortgage principal.

There’s a much smarter way to do this that will pay off your mortgage quicker and safer. It helps you maintain liquidity and preserve your principal while earning a healthy rate of return.

Rather than pay extra on your mortgage, get the longest mortgage as possible. Pay what you would have paid in principal into a systematic account (attend our next webinar to find out what this account should be).

Based on a conservative rate of return, by doing this you’ll be able to pay off your home two and a half years earlier than the approach outlined by other advisors. Furthermore, on a $150,000 mortgage you’ll have $25,000 left over.

Current Events Commentary: The Dangers of Unionization

The Obama administration and the Democratic congress are pursuing two bills to beef up unions in America.¬† The first is “card check” legislation, which would persuade employees to sign a card to join a union. The second would make health benefits¬† taxable except those of union members.

If they succeed in their goals to strengthen unions and increase union membership, the cost to America will be deep and damaging. We’ll have less innovation and entrepreneurship and more bureaucracy and entitlement.

This adds to the financial storms brewing that you must prepare for.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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