Time is always on your side when investing.One
Time is always on your side when investing.One aspect we have not looked at is taxation. Or keep paying that 8% mortgage and earning the 17% on your investments.Is this guaranteed? Are you paying a mortgage around 8%? Invest Your Home in the Stock Market If your mortgage was for $120,000 you now have over $124,000 in equity created by appreciation alone. That $124,000 you invested 10 years ago at 17% is now about $580,000. After 20 years your investment amount will be worth nearly $820,000. Has it happened in the past? You now have a net worth approaching a MILLION DOLLARS! The $500 a month grows to $117,000 after 10 years, and $540,000 after 20 years. But this is still greater than your mortgage interest rate and certainly greater than your bank account, CD and most money market rates. An interest only funding could cut your monthly payment by up to a third.If you can free up or reallocate just $500 a month for investing at the same 17%, after 10 years your investments will have grown to over $140,000. Inflation has averaged 3-4% for the last 30 years. The greater the float the more money you will be able to earn.You CAN turn your home into a money machine! Some years returns may be only 8 or 9% other years they be as [...]
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