Paying Off Your Mortgage Early Will Cost You $800,000. скачать в хорошем качестве

Paying Off Your Mortgage Early Will Cost You $800,000.

Everyone seems to want to be mortgage-free. Every YouTube channel talking about personal finance makes videos about how you can pay your mortgage off early. The funny thing is that all of this advice is wrong. The numbers just don't stack up. In fact, the faster you repay your mortgage, the more money you are losing in the process vs. NOT doing it. A lot of people will point to the amount of interest you save by repaying your mortgage early and becoming mortgage free. But the truth is - that saving on interest pales into insignificance when you consider how much those overpayments COULD HAVE EARNED if you invested them in the stock market instead. If you make overpayments on a mortgage, you are agreeing to take a very low rate of return on your money. A typical average mortgage rate of 3% over time is a return that barely beats inflation. So if there are alternative places you can put your money to work that will earn you significantly more (like the 9% average you'll get from the stock market), why would you choose to opt for earning 3x less? ☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE   / sashayanshin   💵 GREAT INVESTING APPS I USE GET A $10 BONUS WITH LIGHTYEAR (UK & Europe) https://lightyear.app.link/SashaYanshin You need to use promo code "Sasha" and the bonus is awarded after your first trade. DISCLAIMER: Your capital is at risk. DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk. DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise. DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.