Posts tagged as:

safety of principal

Don’t Pay Down Your Mortgage?

November 5, 2009

There are a lot of programs to help you pay down your mortgage more quickly than the loan terms specify.

Unfortunately, most of these actually cost you money and time, rather than saving them.

In contrast, Doug Andrew advises clients to keep their mortgage as high as possible. Why? For many reasons, including the following:

  1. It keeps your money liquid and accessible.
  2. It helps you keep your principal safe by protecting you from depreciation.
  3. You can earn a higher rate of return by putting the money that would have gone into extra mortgage payments into investment vehicles.
  4. Most importantly, it gives you lucrative tax advantages.

Many people who have tried to pay down their mortgage principal are now losing their homes to foreclosure. They had no liquidity.

Doug outlines a strategy for paying down your mortgage even sooner, but much safer, than the typical programs.

*If you are getting this feed in RSS or email and cannot see the video, please click on the header to view it on the blog.

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

October 18, 2009

Podcast: Download (23.0MB)

missed fortune super blog itunes 150x150 The Quickest, Smartest, & Safest Way to Get Out of DebtDid you miss this week’s show? Doug Andrew discussed the following:

Upcoming Free Webinar

Attend our free webinar live over the Internet this coming Tuesday, October 20th. The event will be held at two times. The first will be at 11 a.m. pacific time (12 p.m. mountain, 1 p.m. central, 2 p.m. eastern), and the second at 6:30 p.m. pacific (7:30 p.m. mountain, 8:30 p.m. central, 9:30 p.m. eastern).

Don’t miss your chance to understand how to protect your money during this economic crisis and get competitive rates of return during the good years. This strategy is called indexing and you need to know all about it. To register call 888-76-Radio (888-767-2346).

Just for registering you’ll receive a free e-book and audio book on the IRA/401(k) dilemma. Admission is free for Missed Fortune Radio subscribers and listeners. All attendees will receive a free copy of Last Chance Millionaire, Doug’s New York Times best-selling book.

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.

Free Missed Fortune E-Book: Baby Boomer Blunders

The Problem? The average Baby Boomer has less than $50,000 accumulated for retirement (which means many have less than that), primarily due to bad habits and having money invested in the wrong places where economic downturns can diminish their nest egg.

Download this free e-book now at www.babyboomerblunders.com.

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