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The Million Dollar Money Decisions You Should Focus On (PFP VAULT)
The Personal Finance Podcast
Maximizing Returns through Low Interest Rates
Investing at a higher interest rate of 6% instead of 2.5% could cost you $2.1 million over 30 years. Even a slight increase in the interest rate from 3% to 4% can result in spending thousands more. Considering an 8% return with inflation factored in, you could earn $1.439 million. The mortgage interest rate greatly impacts your finances, potentially costing you $367,000 more and losing out on millions. Keeping investment fees and interest rates low can yield millions in returns.
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