The Biggest Lie About Mortgage Compound Interest

mortgage compound interest calculator

Have you wondered why monetary mavens only tell you certain things about building wealth? Do you believe its in their best interest to tell you the absolute truth?

LIE: the joys of mortgage compound interest : Save $X per month and you can retire RICH.

FACT : Mortgage Compound Interest works just for the very few. The few who commenced making an investment in their 20’s and NEVER, EVER, EVER STOPPED. They didn’t stop when they bought a car, house. Got married, had kids. Paid lots of bills, mortgage payments, loan payments, credit card payments. For the remainder of us life expenses cost cash, and so your savings account you had been contributing monthly to gets sucked dry.

You’ve also seen the enchanting mortgage compound interest investment chart:

Invest $X/mth and after ten yrs you’ll have good moggy food money.

Invest $X/mth and after twenty yrs you could have gourmet Kraft dinner.

Invest $X/mth and after thirty yrs you’ll be a millionaire.

Invest $X/mth and after forty yrs you’ll be a bazillionaire.

Now follow me closely on this next point…

Who in the HECK wants to work for the subsequent 40 yrs and has the DILIGENCE to continously invest monthly without stopping your contribution or WITHDRAWING any cash at all.

Listen…The magic of mortgage compound interest benefits YOUR BANK. There I claimed it.

YOUR BANK loves mortgage compound interest. Guess what they charge you on your mortgage? Guess what they charge you on your credit cards?

I would grin if I was the bank president to.

#1. Today’s stockholders do not have the tolerance to let compound interest work its real magic.

#2. The market’s haven’t been exactly going up in the previous couple of years either…

So, what can you do to COMBAT the lie about mortgage compound interest?