STOP DOUBLING DOWN WITH AN EVERGREEN COLORADO HOME LOAN
When will we ever learn, Wall Street is not the indicator of our financial system, and it is not the panacea for all our economic woes. If you want to make money you will have to analyze your cash, and your assets, and manage them effectively.
Statistics reveal that the average household, of soon to retire baby boomers, has saved up less than $105,000 – that’s household not individual. The Baby boomers have been THE most successful and wealthy generation ever, in any society and in any time in history. Maybe its time we all examined the life time model that American society is foisting on us all! The buy a home and book a 30 fixed mortgage, while shoveling money at our 401k may not be the best paradigm.
If we resolved to pay our house off before we invested in Wall Street we would all be better off. If you took out a 300 thousand dollar mortgage at 6% for 30 years it would cost you $648,000.00 when you finally paid off your mortgage. If, on the other hand, you took out a 15 year mortgage you would only spend $455,760 – a savings of $192,240.00 or almost twice what the average household has saved for retirement. If you had three children you would have $64,000.00 for each to go to college; and please note if you put the money in a savings account at even 2% you would also have enough to buy all the books.
Now that your home is paid for in 15 years, you could take the amount of the mortgage payment, $2532.00, and invest the entire amount each month for the next 15 years in an IRA. That would give you a nest egg of $455,760.00 before earnings, and a home that is completely paid for and all college cost covered. Now that’s a new model that will make you financially independent when you retire – and don’t forget you will still receive a check from Social Security.
A home is a hard asset and is historically the best investment in troubles times. Not only will you make money but You can live in your investment, while you will enjoy special income tax treatment. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES and are Your one stop shop for all Your EVERGREEN COLORADO REAL ESTATE and CONIFER COLORADO REAL ESTATE. We are also an EVERGREEN COLORADO CUSTOM HOME BUILDER and are looking forward to serving You with all Your Real Estate needs. Please, give us a call at 303-674-0148, Email us at markenglishrealestate@msn.com or visit us on the web at www.evergreencoloradoliving.com . Don’t forget to register for Your FREE BUYER INCENTIVES.
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