"HOW" You Spend Your Money Can Be More Important Than The Amount Of Money You Have

When most people think about money, they will think about how much money they spend each month.  It’s only natural to look at money going in and money going out.

But, have you ever thought about how you spend the money you have?

In the world of finance, there are many financial tools available to homeowners from credit cards, to home equity lines of credit (HELOC), to home equity loans & refinancing, and nearly unlimited bank account & investment options too.

Have you ever sat down and really looked at how the money you earn gets spent or allocated?

Some homeowners have managed to master these tools and have been able to stay out of debt, pay off their homes faster, acquire investment properties, and retire sooner than others in similar financial positions.  Why?

It turns out, it’s not just about earning more income when you want to achieve big financial goals.  In fact, some of the homeowners that we work with have learned it is more about how they are spending their money rather than how much of it they have in the first place.

Think about this: let’s say you have a $400,000 mortgage and you’ve just renewed it for a 25-year amortization.  Under normal circumstances, you will pay that mortgage for 25 years.  Or maybe a little less if you decide to pay accelerated weekly/biweekly (approximately 21-22 years instead).

What if, simply by changing how you spend money, you could pay off your 25-year mortgage in 10 or 15 years instead without giving up the things you love… sports events, dinner out, hobbies, extra-curriculars for the kids.

Would you like to learn more?  Reach out to me anytime for a free review of your mortgage finances and how to save years off the life of your debt and maybe even retire a little sooner too.