The Million Dollar Money Decisions You Should Be Focusing On
The Personal Finance Podcast
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The Opportunity Cost of Investing $1,022 Per Month Over 30 Years
If you have a 30-year mortgage, this is going to come out to $367,974 more. That means it's $12,265 per year more that you're paying an interest on your house. If you invested that money at a 10% rate of return, if you invested that $1,022 over the course of 30 years at a 10%. You'd have $2.1 million as the opportunity cost of just going from 2.5 to a 6% interest rate.
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