Kim Butler and Todd Strobel continue their discussion on mortgages. They show how debt and mortgages are intertwined and how it’s not a bad thing.
Reverse mortgages are also discussed and can be recommended to a specific audience. Yet Kim proposes a specific solution. The Prosperity Principles are on full display in today’s episode of the Prosperity Podcast.
[1:07] “HAVING” Debt vs. Being “IN” Debt
[3:12] Debt, Peace of Mind, and the Unique Role that Mortgages play in Debt
[6:32] Why We Became Afraid of Mortgages
[9:12] Interest Vs. Tax Deduction
[11:11] Reverse Mortgages Can Provide Tax-Free Income (but this should NOT be the goal!)
[14:14] What To Do with Extra Money Each Month (How to keep control of it!)
[15:35] The DANGER of View PostPre-Paying Your Mortgage! (from a former mortgage banker)