Mar 14, 2017
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book - Busting the Interest Rate Lies
Submit your questions hello@partners4prosperity.com
Truth concepts calculator - www.truthconcepts.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: Case Study - Part 5: Couple Earning $45k Each a Year
02:03 Using the cash value life insurance to avoid the private mortgage insurance
03:07 15 year vs 30 year mortgage
05:32 How do you think and feel if you don’t have any savings?
06:07 Where you would want to put your extra money
07:10 Understanding the time value of money
07:54 You can’t eat equity, Why prepaying your mortgage isn’t always the best option.
08:25 Sometimes it’s better to take a 15 year with higher payments
10:10 Why you want to have control over the equity
11:03 The correct way to measure the 15 year vs 30 year mortgage
12:49 Video explanation of Busting the Interest Rate Lies by emailing hello@partners4prosperity.com