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Ask Paula: What Do I Do With Free Money?
Afford Anything
How to Increase the Probability That 250 Dollars a Month Will Go Toward Affecting Principal Paydown
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In the world of real estate investing, it can be easy to be swayed by persuasive voices. The risk is that one, two, three years down the road, he might change his mind. To increase the likelihood that that 250 dollars a month will actually go towards aggressively paying down that property, automate it. He would have to set up an automation such that if he were to take out this adjustable rate mortgage, that 250 dollars per month would automatically be applied to the mortgage as an extra principal payment.
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Listen to the best highlights from the podcasts you love and dive into the full episode