Money Guy Show cover image

Everything You Need to Know About Mortgages

Money Guy Show

00:00

Getting Out of Debt as Soon as Possible

i had a widow come up to me and said that paying off all the debt is not always the greatest thing. She says was some of the worst advice she was given. Even though we might think it's great to pay off this mortgage debt as soon as possible, there's a time and a place. If you give 20 years to a company that doesn't really give you a path forward, you could get yourself in a pickle of a situation. Get that army of dollar bills working for you. 23 times over happens when you're 30. By the time you're 40, your compounding rate drops down to sevenfold. So see, those are the maximum compounding growth years

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app