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Search results “Strategies to pay mortgage early”
How to pay off a 30 year home mortgage in 5-7 years
 
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SUMMARY: In the above video I reveal a powerful strategy that is practically available to all, but is known and fully understood by a very few. If one takes the time to learn and implement this method of eliminating debt, one may find themselves pleasantly surprised of how quickly their home mortgage, auto loans, student loans or business loans can be completely paid off. This strategy is known as Velocity Banking and in the video I will demonstrate how Velocity Banking can be used to pay off a 30 year home mortgage in just 5-7 years without sending double payments to the bank or changing one’s current level of income. RECAP OF THE VIDEO: I start off by creating a scenario of a financial situation by taking an average household net income in the United States combined with some of the basic monthly expenses: home mortgage, minimum payment on a credit card, car payment and living expenses which include groceries, utilities, gym membership… Once all expenses are identified and subtracted from the net monthly income it is important to understand the impact of cash flow, the difference between a loan and a line of credit, how the interest of a loan and a line of credit is calculated, and how monthly payments on a mortgage are dispersed between interest and principal paydown. To help demonstrate these differences I create tables and an amortization graph. As I go on to unveil the main differences I also identify the biggest reason why nowadays most homeowners are unable to payoff their home mortgages due to the unstrategic use of home refinancing. By this point having had identified the difference between a loan and a line of credit I can reveal the benefits of utilizing a line of credit to pay off a home mortgage in 5-7 years. This is where I get into the Velocity Banking strategy which incorporates an unaccustomed method of moving one’s entire monthly paycheck into a line of credit instead of the accustomed checkings and savings accounts. By adopting this method one can leverage a line of credit to free up cash flow, gain cash back rewards, build credit history and improve credit score, but the greatest leverage created is the thousands if not hundreds of thousands of dollars in interest savings. KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 Android version: https://play.google.com/store/apps/details?id=com.drcalculator.android.mortgage ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking & Real Estate Investing Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies. Not everyone will experience 100% success rate by using this strategy as it requires a commitment to keep applying this strategy over time until the desired result is achieved. I (Laura Pitkute) do not promise or guarantee any specific outcomes and/or results from the use of this strategy.
Views: 3065863 Laura Pitko
Top 5 Tips How To Pay Off Mortgage Early
 
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Thanks for subscribing liking and commenting. In this video I run you through the top five tips regarding how you too can pay off your mortgage early and at a young age and be debt-free. I paid off my $400K mortgage at 36 years old, it took me 4 years and 4 months to pay off the $400K. Thanks for watching!
Views: 15368 The Comeback Kid
How to Pay Off Your Mortgage Early in 5-7 years! Using an Amortization Schedule!
 
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If you enjoyed this video, please click LIKE, SHARE and SUBSCRIBE! ❤️ https://www.youtube.com/channel/UCJZ9CpAjtLljyN_nSuwHh7w ********FOLLOW ME BELOW******** In this video I show you how to pay off your mortgage fast and early in less then 5 to 7 years. If you have a mortgage loan you have a amortization schedule. Finding it is easy. Get ahold of your mortgage lender or sometimes it is available online. Having this schedule will help you to better understand how to use it to your advantage to pay your mortgage at record speed and get out of debt quickly! Website: http://www.CleanCutCouponing.com Want to Send me Mail? Send it Here! CleanCutCouponing P.O. Box 902 Oaks, PA 19456 ᖴOᒪᒪOᗯ ME! 2ND CHANNEL! SUBSCRIBE to CleanCut Hacks https://www.youtube.com/channel/UCPrcYyPeqzo56i6t3yIH5JA ↠ FACEBOOK: https://www.facebook.com/cleancutcouponing/ ↠ INSTAGRAM: https://www.instagram.com/cleancutcouponing/?hl=en ↠ PINTEREST: https://www.pinterest.com/cleancutcouponi/ ↠ TWITTER: https://twitter.com/CouponingCut ↠ EMAIL ME: [email protected] BUSINESS INQUIRES ONLY: [email protected] ↠ TWITTER: https://twitter.com/CouponingCut ↠ HOW TO SAVE MONEY FAST! SAVE $500.00 in a MONTH: https://www.youtube.com/watch?v=2Cyw48-op0k ↠ HOW I SAVE THOUSANDS A YEAR: https://www.youtube.com/watch?v=bvoMN2cPsD8&list=PLrat_-A90-JX1fF1a-alSLV5cpyjzXU5K&index=1 ↠ SAVE MONEY CHRISTMAS SHOPPING: https://www.youtube.com/watch?v=m6uTaeJmCSk ↠ SAVE $100's a YEAR USING THIS TIP: https://www.youtube.com/watch?v=xc4EdUj0DX8&list=PLrat_-A90-JX1fF1a-alSLV5cpyjzXU5K&index=3 ↠ 10 LIFE HACKS-BUDGETING: https://www.youtube.com/watch?v=4DvmrbqBlWE&list=PLrat_-A90-JX1fF1a-alSLV5cpyjzXU5K&index=2 How to Pay Off Your Mortgage Early in 5-7 years! https://www.youtube.com/watch?v=0Ez4nMyr05Y Please provide the following in the description of your upload: Music: Big Wheel - Silent Partner https://youtu.be/0Ez4nMyr05Y FTC: This is not a sponsored video. All opinions are mine. Contains Affiliate links.
Views: 283887 CleanCutCouponing
How to Pay Off a Mortgage Quickly
 
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http://bestcreditrepaircompanys.com/ Owning a home is a classic American dream. Unfortunately, in today's society consumers have become complacent with 30-year mortgages and paying hundreds of thousands of dollars in interest. We've complied tips from 5 industry experts on why it's important to pay a mortgage off quickly and how to can pay off a mortgage quickly. Follow these steps and you'll be ahead of 98% of the population.
Views: 1037768 Best CreditRepairCompanys
How To Pay Off Your Mortgage Early
 
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Are you trying to figure out how to pay off your house early? Society has its own strategy but we're here to talk about Kris Krohn's tried-and-succeeded strategies to make that 30-year game into a 5-year game. Time to skip that traditional methodology and into the fastest way! Watch and Enjoy! Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://limitlessmentor.com/TV The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Be smarter than the bank. Don't pay off your mortgage early
 
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Levi talks about why he won't pay off his mortgage and asks "Who do you think benefits from you paying off your mortgage early?" He runs some different scenarios and compares who makes the most return on their money comparing both early repayment and full term scenarios. Levi's is not a finacial planner and is not offering investment advice. This is an opinion channel only and you are encouraged to seek professional finacial planning advice. He is long in all of the positions listed in this video.
Views: 1187385 Drawbridge Finance
Should You Pay Off Your Mortgage Early with a HELOC?
 
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You can use the equity in your home to get a home equity line of credit. Subsequently, you can use the funds to pay of your mortgage early while then using the HELOC as a checking account. This arrangement will allow all funds that you have to not sit in an account to learn low or no amount of interest. Of course, doing so has some down sides. Watch to video to see what they are. Audible Free Audiobook Trial: http://www.audibletrial.com/BeatTheBush Patreon: http://www.patreon.com/BeatTheBush GameFly: http://www.gameflyoffer.com/beatthebush Did I help you save loads of money and completely changed your life? Would you like to tip me? Try these: Paypal: https://paypal.me/BeatTheBush (No fees with bank account source) BTC Wallet: 14hKQybuzyEEeL78aML3QMxboqtdDcmDQi ETH Wallet: x9f462079D58127156104C32B5648F066624FB43B My Equipment: https://www.amazon.com/shop/Beatthebush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 296527 BeatTheBush
PSA: Why you SHOULDN’T get a 15-year Mortgage
 
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Here’s why I don’t recommend getting a 15 year mortgage vs a 30 year mortgage, and how taking out a longer term loan could leave you with WAY more money…enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c here’s where I’m getting at, summed up as simply put as possible..if you don’t watch anything in the video, at least read this: First of all, there’s NOTHING stopping you from paying down a 30-year mortgage early if you want to. If you get a 30 year loan, you can pay it off whenever you want. If you decide you want to pay it off in 15 years, just increase your monthly payment and pay it off sooner. What a 30 year loan gives you that a 15-year loan doesn’t is FLEXIBILITY. It gives you the ability, if you want to, to pay it off over 30 years and invest elsewhere…or you can pay it off in 5 years, it doesn’t matter. The advantage to doing this is that it gives you more safety and leeway with your payments. Also, home equity isn’t really going to be making you money…as unpopular as that is to say, when you have your money tied up in a property, it’s not money that’s easily accessible to invest elsewhere at a higher return. In order to get that money, you either need to sell the property - or do a cash-out refinance, pulling out your money, but then taking out a brand new loan and starting all of this again. With a 30 year loan, you’ll have access to your money as you need it because you’re paying LESS money into an illiquid investment like real estate, and like my last example, you’ll have more free cashflow available to you at the end of the month. And arguably, the difference in loan amounts between 15 years and 30 years is really such a small number after you account for write offs and inflation…that you may as well just take the 30 year for additional flexibility, allowing you to re-invest the money at a higher return. And let me just say this for all the Dave Ramsey followers who live by his advice of the 15 year mortgage: The IDEAL scenario here is that if you’re getting a home for yourself to live in, buy something where you could afford the 15-year mortgage, but take a 30 year for additional flexibility. If you’re getting a house where you can ONLY afford a 30 year house payment, I’d argue that you should lower your price range. For an investment property, always take the 30 year…cash flow is king, not equity, so you could always go with the option that gives you the greatest amount of write offs…which is the 30 year…and the most cash flow…which is also the 30 year. For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 351891 Graham Stephan
5 Myths About Paying Off Your Home Mortgage Early
 
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http://www.planeteinstein.com This video is about the the 5 myths that people have in believing it's always wise to pay off their mortgage loan early. It's not always the best decision and Allison Chesser, Senior Loan Officer with Benchmark Mortgage, explains why. These Five Myths will give insight as to what the other side argument is for continuing to make the monthly mortgage payment. #planeteinsteintv
Views: 9419 Planet Einstein
The Best Way To Buy A House - Dave Ramsey Rant
 
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Find an Endorsed Local Provider in your area to help with real-estate! https://goo.gl/Erj53Z Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 1079760 The Dave Ramsey Show
Get your questions answered to learn how to pay off a 30 year mortgage in 5-7 years!
 
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► Velocity Banking Course - Please email me at [email protected] for more information. ► Link to the credit card spreadsheet- https://docs.google.com/spreadsheets/d/1N8R0jPs3NZ8aAuRuKwAY2G77dAiyQ4YLGehXpn7geXY/edit?usp=sharing 👇SUBSCRIBE TO MY YOUTUBE CHANNEL HERE 👇 https://www.youtube.com/channel/UCk7maulguO8YpXzI9MwntfQ?sub_confirmation=1 Since posting my first video “How to pay off a 30 year mortgage in 5-7 years” many have reached out to me directly or asked me in the comments these 6 questions repeatedly - 1. How do you pay for your mortgage/student loan/car loan using a credit card? 2. What happened to the credit card interest? 3. Why not use your savings to pay off your credit card and/or car loan then reduce how much money goes into savings and have the same amount going towards the principal paydown directly without the hassle of having to deal with a line of credit it is much safer and for emergencies I don’t carry any balance on my credit card and if I do need access to money I can access my credit card then? 4.Why not save up the $12K over the 6 months in a savings account let it grow interest and pay more off and not have to pay interest on a line of credit? 5. Where did I learn this? 6. If I live paycheck to paycheck and do not have any savings will this work if I make less than $5k/month? Watch my video to get the answers and to better understand why a line of credit beats using cash or savings when it comes to paying off loans. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ Facebook: https://www.facebook.com/Laura-Pitko-1464576883611081/ Instagram: https://www.instagram.com/laura_pitko24/ #LauraPitko #Mortgage #FinancialStrategies DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies.
Views: 13175 Laura Pitko
Why Paying Off Your Mortgage Will Cost You Millions...
 
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http://theabundancesociety.net/registration http://TheAbundanceSociety.com The Abundance Society is a private community which teaches people how to manage, invest, grow, and protect their money the way the rich and the wealthy do. In order to become rich in today's economy you have to do what the rich do and that's exactly what our community teaches you how to do by bringing the best people, resources, and strategies that can help you create a life of abundance. Subscribe today to learn more and to get access to free training videos.
Views: 33933 TheAbundanceSociety
Velocity Banking Strategy | How To Pay Off Your Mortgage & Student Loans In A Fraction Of The Time!
 
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In this video, I’ll show you how to pay off a 30-year mortgage in 5 - 7 years using the velocity banking strategy. Subscribe for more free tips & videos https://www.youtube.com/channel/UC5mni04nk12UCrwPCOlClug?sub_confirmation=1 Share this video with a friend: https://youtu.be/GbGMVskwno8 Would you like more education on how to achieve financial independence using strategies like velocity banking? Velocity Banking Training Series | Part 1 | Series Introduction https://youtu.be/DyHs8kvtlcI Velocity Banking Video Series | Part 2 | What Is Velocity Banking? https://youtu.be/S8L7eTUXo9I Would you like to start your own business & learn more about what it takes to become a successful entrepreneur check out: https://youtu.be/93-pE5noBIM For other business inquiries, you can reach me at [email protected] DISCLAIMER: Mike Adams is not a licensed mortgage broker, not a real estate agent, not a Certified Financial Planner, not a licensed attorney, and not a Certified Public Accountant. Viewers will consult with their professionals prior to engaging in any financial strategies. Not everyone will experience 100% success rate with using this strategy. We do not warrant a promise or a guarantee of any specific outcomes and/or results from the use of this strategy. DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for your support! Suggested Reading: HIGH-Performance Habits: https://amzn.to/2HCTAoJ Extreme Ownership: https://amzn.to/2Wk7fEs Crushing It: https://amzn.to/2WhQPMU Building A Story Brand: https://amzn.to/2U4y8Pw The 5 Second Rule: https://amzn.to/2Wjf0L1 Favorite Credit Cards: Discover It Card (Transfers) - http://go.thinklikethewealthy.com/discover Chase Sapphire Reserve (Rewards) - http://go.thinklikethewealthy.com/ChaseSapphire American Express Platinum (Business) - http://go.thinklikethewealthy.com/amex Video Recording Setup: https://amzn.to/2Hxi3fh #payoffmortgageearly #velocitybankingstrategy #howtopayoffyourmortgagefast
Views: 106195 Mike Adams
How to Pay off Your Mortgage in 5 Years
 
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How to Pay off Your Mortgage in 5 Years by Clayton Morris and Natali Morris. BUY THE BOOK HERE: https://amzn.to/2CcSxIB What would your life be like if you had no mortgage? Would you accelerate your investing strategy, pay off debt, or take more family vacations? A few years ago, Natali and I discovered an incredible means to pay off our primary residence. Now we utilize this strategy consistently in order to meet our ultimate goal: purchasing more buy and hold real estate. In this video, we’re sharing the proven system you can use to pay off your mortgage in just a few short years. We’ll discuss the step-by-step system that can help you save hundreds of thousands of dollars in interest payments. We’ll share the importance of dedication, and why banks don’t want you to know about this strategy! If you've ever wondered how to pay off your mortgage in 5 years, this video is for you! We'll talk about our new book, and how it can help you reach your financial goals. We wanted to share this to help you free yourself from the dead weight of your mortgage so that you can enjoy your monthly income however the heck you want to! BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 200503 Morris Invest
How To Pay Down Debt
 
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Credit Health Video 3: Learn strategies on how to pay down your debt quickly. To create the kinds of financial freedom you want in your life, paying down your debts responsibly is a must. Paying down revolving debt means saying hello to money and opportunities you’re missing out on. First, how much can you pay? Add up your monthly expenses and subtract them from your monthly income. How much of what’s left over can you pay towards debt? Even just writing this down can help you visualize your debt situation. Next, try to reduce your rates on outstanding debts. One option is to consolidate your high-interest credit into one low-interest installment loan. Rolling several monthly payments into one fixed-rate payment means you know how much to budget for each month. Oh, and because there’s an end date to an installment loan, you can put the day you’re debt-free in your calendar! Another option to reduce your rates would be consider a balance transfer to a lower rate credit card. Just be mindful of any rates and fees. Taking the step to find ways to lower rates mean more of your payment could go towards reducing debt, not towards interest. Next, devise a payment strategy. Like, the avalanche method. Basically, tackle your highest interest debt first, while only making minimum payments towards the rest of your debt. When your highest rate debt is paid off, pay down the next highest one. Continuing to pay down your highest rate debts one at a time will save money in the long run. Or, try the snowball method if you’re looking for a few quick “wins.” Where you pay off debts starting with the smallest balance first, and the highest balance last. A “feel-good” momentum can build after each debt you eliminate and your credit utilization and DTI improves too! But know that you might pay more interest compared to other payment strategies. Large credit balances take a big bite out of your monthly income which can prevent you from living your life more freely. So, don’t let debt control you. Instead, take control of your debt! To get more credit tips, visit Upgrade's Credit Health Insights: https://www.upgrade.com/credit-health/insights/
Views: 752 Upgrade, Inc.
Advanced Interest Minimizer Success Story: Jerry [Part 1]
 
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Learn more at http://www.advancedinterestminimizer.com Jerry was using Nationwide Biweekly Administration's Interest Minimizer but was looking for more "advanced" savings. The Advanced Interest Minimizer program allowed to decrease interest charges even more. He and his family found it to be the best program out there. nationwide biweekly administration | nationwide biweekly | nationwide bi weekly administration | about nationwide biweekly administration | pay off loan | pay off loan early | pay off loan calculator | how to pay off loans | how to pay off a loan | paying off mortgage | biweekly mortgage calculator | bi weekly mortgage calculator | biweekly loan calculator | how much interest will i pay on a loan? | how do I pay off debt | how to reduce interest | how long to pay off mortgage | how to pay off mortgage early | pay off school loans | pay off car loan | best way to pay off student loans | how to pay off a loan faster | paying off credit cards
Views: 313 NBABiweekly
Financial Advisor Told Me To Invest Instead Of Paying Debt
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 338375 The Dave Ramsey Show
How to pay off student loans 4-5X faster
 
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SUMMARY: This is a requested video of the Velocity Banking strategy I shared in my “How to pay off a 30 year home mortgage in 5-7 years” video, but rather than focusing on mortgages this video is all about student loans. The purpose of this video is to provide insight into the step by step process of implementing this strategy as well as understanding the terms associated with a student loan. Follow along with me in this video to learn how quickly you can pay off your student loan debt and to find out how much money you can save in interest using this strategy! RECAP OF THE VIDEO: I start off by explaining the significance of cash flow and how you can identify and maximize your cash flow by using a budget. I go on to identify the terms of a student loan and clarify the outcomes of a deferment. Then I introduce the strategy by explaining how a line of credit can act as a tool which will chip away at the student loan principal balance in large massive chunks. Once the line of credit is in place which can be either a credit card or a personal line of credit, this new tool becomes the main banking tool acting as both a checking and savings account in one. The implementation of the strategy begins by taking 3/4th of the limit of the line of credit to use as principal paydown on the student loan. Reason 1 for using only 3/4th of the line of credit limit is to avoid getting the account frozen and reason 2 is to leave extra room with access to money incase of an emergency. Once net monthly income and monthly living expenses are identified, the next step is to see how long it will take to pay off the new balance that is on the personal line of credit. With my example, I go on to show that it will take 10 months to pay off a balance of $15K and using an amortization calculator you can put in your numbers to figure out how many times the chunking method would have to be repeated until the student loan is completely paid off. VIDEOS IN THIS SERIES: How to create a budget: https://youtu.be/Luu3ETRDleE How to pay off a 30 year home mortgage in 5-7 years: https://youtu.be/4GonTct2WMk Understanding how to calculate credit card/ (PLOC) interest: https://youtu.be/J9978byclgk AMORTIZATION CALCULATOR APP (KARL'S MORTGAGE CALCULATOR): https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ON FINANCIAL LITERACY, REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies. Not everyone will experience 100% success rate by using this strategy as it requires a commitment to keep applying this strategy over time until the desired result is achieved. I (Laura Pitkute) do not promise or guarantee any specific outcomes and/or results from the use of this strategy.
Views: 47300 Laura Pitko
Should You Pay Off Your Rental Properties Quickly?
 
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Should You Pay Off Your Rental Properties Quickly? Many investors have asked us about the most effective way to pay off rental properties quickly. However, I think that’s one step ahead. Before you determine how to accelerate your loan payoff, you should decide if it’s the right option for you to do so. In this video, Natali and I are discussing the four questions you should ask yourself in order to determine if you should quickly pay off a mortgage or note. We’ll talk about evaluating interest rates, covering your expenses, and more! You'll learn about evaluating your investment opportunities and surveying your tolerance for debt. Press play to learn if paying off a property quickly is the right decision for you! How to Pay Off Your Mortgage in 5 Years by Clayton and Natali Morris: https://goo.gl/YBVkQn Freedom Cheat Sheet: https://goo.gl/8U6hMV Loopholes of Real Estate by Garrett Sutton: https://goo.gl/HiotEV Show notes page for this episode: https://goo.gl/MMcJWW BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 142939 Morris Invest
Equity Optimization Pay off Mortgage Early Strategies to Reduce Debt Payoff Home Loan or Car Loan
 
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http://www.TruthInEquity.com Truth In Equity 1st Choice in Equity Optimization
Views: 8105 True2BGood
Velocity Banking: Pay Down 30 Year Mortgage In 5 Years!
 
18:04
And get 42 rentals in 10 years....PAID FOR FREE AND CLEAR! Now Transcribed: S1 00:02 All right, everybody. So in under 20 minutes, I'm going to be showing you how to get 42 rental properties in 10 years, free and clear, all paid for, as well as lower your mortgage dramatically. Ready, set, go. All right. So when we get paid, the average American salary-- a husband for the wife is $30,000 a year, we're going to go ahead and add that together. That's $60,000 a year. Then we're going to do it in monthly increments, which is $5,000 a month. And when they get paid that $5,000 a month, where do they put it? Inside of the checking account, right? So we have a checking account on this side, the savings account on this side, right? Okay. Well, since that's the case, what happens when we live like that? Do we not have a cash basis that we're living on? And so that's what we're living by. We're living by the cash basis. Now this is what I mean. S1 01:10 When you have a mortgage payment of $1200, you can't touch that mortgage payment for that month. So I mean, if you do, you're not going to be able to pay the mortgage. All right? So let's go over here where the loans are. You have mortgage payment of $1200 a month. You got a $200,000 mortgage at 6%. You also got a couple cars, right? And you're paying $600 a month on them. So we're going to put that right there. We're also going to have the national average credit card liability is $600 a month, and you have $600 a month right there. And you also have some expenses because you have a cell phone, you got that major data plan, you've got food that you got to take care of, maybe want to do some little dining out and all that. So you got $1200 in expenses right here. You have $1400 left. Where do they teach you to put it? Into the savings account, right? S1 02:18 Okay. So you have $1400 into your "savings" account. Now the reason I put that in quotations is because the bank can call it whatever they want. It's just an account where you put your money and you feel good about it because they call it savings. But really, it's a lending pool [laughter]. Because if you saved up $10,000 and you want a nice, used minivan, you're not going to touch the $10,000 that you saved up. You're going to go get a loan at 6%. And guess what the bank is going to do. Because all of your savings account, like everybody that's contributed to the savings account, that's part of the lending pool. So your $10,000, they're going to take your $10,000, give it to you, and say, "That'll be 6% interest." That sounds scammy to me. So that's what the savings account is all about. Let's go ahead and give you the $600 a month. We're going to show you what that looks like on the credit card side. So we're going to label this side lines. So lines over on this side, and loans are over on this side. It's going to be very important, all right? S1 03:27 Say you've got a credit line of $15,000, you've got a balance of $12,000 on the card, and your $600 a month monthly payment at 21%. Now there's a lot of people that are like, "You know what? 6% is better than 21%." But I'm going to show you how 6% over here on this side is actually greater than the 21% by a lot. So anyway, so we have this model right here. This is called the employee mindset model. Because $5000 is going into your bank account, and $5000 is coming out of your bank account. That equals a cash flow of-- what's 5000 minus 5000, guys? Zero. So you have a cash flow of zero right now. Many of us were brought up with the employee mindset, and that employee mindset says, "Well, how much do I make?" And we look at that top number right here, the $5000. While the wealthy mindset is, "Well, how much do I cash flow?" And that's what they're concerned about. S1 04:35 So we're going to take a look at what the wealthy do in order to utilize their finances and have their money work for them. So instead of using a checking and savings account - that's not what the wealth do - they actually bypass the checking and savings account, and they put all their money into the lines of credit. Now why would they do that? Well, first of all, you see this $600 a month minimum payment that you're making? Well, you no longer have to do that because all the $5000 is going into your line. So you no longer have this payment right here, which means this payment is going to go down here. $600. And because we're not chumps, we're not going to have savings accounts anymore. We're actually going to focus on cash flow, and so now we are up already to $2000 a month in cash flow. So now that we have that, let's graph this whole concept so that we can get a better picture of what we're doing. Let's graph it. S1 05:42 We got $12,000 a balance. 15K is the limit. What happens when we put $5000 into our line of credit? Because no longer are we spending $5000. We're now spending just $3000. The rest is actually a cash flow. So let's do this. Let's graph it out. $5000 in, $3000 expenses..
Views: 292820 Conanjay Wallace
Paying Down Your Mortgage Faster
 
01:30
www.Kahanelaw.com You can save thousands of dollars by paying down your mortgage faster. Prepayment privileges, doubling up payments and increasing monthly payments. Watch this video by Calgary law firm Kahane Law Office to learn what you need to know. The Kahane Law Legal Minute is brought to you by Jeff Kahane of Kahane Law in Calgary, Canada. http://www.KahaneLaw.com/ (403) 225-8810 Kahane Law Legal Minute - Paying Down Your Mortgage Faster Do you have a legal question you'd like "The Kahane Law Legal Minute" to answer? Add your legal question in the comments below or contact us at [email protected] WARNING: This presentation is for LEGAL INFORMATION ONLY. Laws will vary by jurisdiction. They also may change by legislation or court ruling. Each situation is different and no one rule applies to every situation so it is IMPORTANT for you to contact a lawyer to get legal advice specific to your situation.
Views: 292 Kahane Law Office
Home Equity Line of Credit - Dave Ramsey Rant
 
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Now is the time to sell your house! The market is white hot! Get a high-octane ELP Real Estate Agent you can trust with your largest asset: https://goo.gl/tzW5vF Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 326582 The Dave Ramsey Show
Mortgage strategies
 
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Refinancing your mortgage Finally you may be wondering when you should refinance your mortgage. If you have a high-interest mortgage and rates have fallen, you should think about refinancing. But refinancing costs money, so it depends on how long you plan to stay in the home. As a general rule, if current rates are two percent below your rate, and you plan on staying in the home for at least three more years, you should come out ahead by refinancing. Mortgages and points (pre-paid interest) But when you refinance, how should you do it? Or for that matter, when you take out a new mortgage, what kind should you get? When you refinance your mortgage, you may be able to go for a 15 or 20 year mortgage without raising your monthly payments. But when you refinance, you probably should avoid paying too many points. Points are prepaid interest, so there's a trade-off between higher points and a lower ongoing interest rate. Suppose you're borrowing $100,000. You could pay two points, or $2,000 in up-front interest, and pay 8.5 percent on $100,000 for the life of the mortgage. Or you could pay one point, or $1,000, and pay the higher rate of 8.75 percent for the life of the mortgage. Whether you pay more up-front points or not depends on how long you plan to keep the mortgage. If you plan on moving in a short time, say three years, it's probably better to take the higher ongoing rate and minimize your cost in points. The situation changes a little if you refinance. If you're taking out a mortgage for a new home, all of the prepaid points are tax deductible in the year you take out the loan. However, when you refinance, points you pay on the refinancing aren't immediately deductible. The cost of the points must be amortized or spread out over the life of the mortgage. So generally, you want to pay fewer points when you refinance. What type of mortgage to get But what type of mortgage should you look for? Back in the 1960s a 30-year, fixed-rate mortgage from your local savings and loan was about the only game in town. With the rise in housing prices and interest rates in the 1970s, however, all kinds of new mortgages like adjustable rate or balloon mortgages cropped up. Although these kinds of mortgages were useful in the early 1980s when interest rates were high and volatile, they're less useful now that we've entered an era with lower, less volatile rates. So nowadays, if you have to get something other than a fixed rate mortgage with fixed monthly payments, you may be buying more home than you can afford. If you'll only be in the home for a few years, an adjustable rate mortgage might be all right, but you'll sleep easier with a fixed-rate mortgage. Still there's been a lot of financial innovation in mortgages, and depending on your circumstances, you could do better with a nontraditional mortgage. For example, let's say you know you're only going to live in a home for five years. In this case, you might be able to find a mortgage that offers a fixed rate for five years, and then changes to an adjustable rate for the remaining 25 years. This will give you a fixed rate while you're in the house, with a lower overall rate because of the floating rate after the first five years. Mortgages will be one of the biggest expenses in your life, so it pays to shop around and look for every advantage you can find. Copyright 1997 by David Luhman http://moneyhop.com/scripts/personal-finance/175-mortgage-strategies
Views: 108 MoneyHop.com
Which debt to pay off first?
 
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► Link to - Debt Management: Cash Flow Optimization Spreadsheet: https://docs.google.com/spreadsheets/d/1NU7Enga5yW9NXwsux6XV2WEmTKDTItt8CN_aHEe9CSs/edit?usp=sharing ► For Real Estate Investing and Financial Literacy Course - Please email me at [email protected] for more information. 👇SUBSCRIBE TO MY YOUTUBE CHANNEL HERE 👇 https://www.youtube.com/channel/UCk7maulguO8YpXzI9MwntfQ?sub_confirmation=1 Have you ever wondered which debt you should focus on paying off first? Should you put extra money towards your mortgage, your student loans, your car loan or your credit cards? What is the determining factor that can help you decide? What a lot of financial advisors suggest is paying off your debt in the order based off of interest rates, first paying off the one debt that is charging the most in interest. Although that is a logical approach in this video you learn a different determining factor that is based on cash flow. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ Facebook: https://www.facebook.com/Laura-Pitko-1464576883611081/ Instagram: https://www.instagram.com/laura_pitko24/ #Laurapitko #DebtFree #FinancialStrategies DISCLAIMER: I (Laura Pitko) am not a financial advisor, therefore please consult with a competent professional prior to engaging in any financial strategies.
Views: 5273 Laura Pitko
How to Boost Your Credit Score Within 30 Days | BeatTheBush
 
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Boost your credit score within 30 days by just paying off your credit card before the statement date. Your credit card reports information to the credit bureaus on the statement date. If you intercept this report by first paying everything off, they will report you as carrying a zero balance while being active. Chase Freedom $150 Cash Back w/ $500 first 3 months spend: http://bit.ly/2SMwdKr Even if you pay your credit card in full and on time every month, you can benefit from this trick by making your credit utilization ratio go to zero. The smaller the total credit you have the more this can benefit you because for a given amount of spending, the ratio is bigger for a smaller credit. Doing this will give you a nice boost in your credit score just before you apply for a loan. . Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY
Views: 186533 BeatTheBush
Why Pay Off Student Loans Early?
 
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If you have student loans and you want to pay them off early, my question to you is ... why? Why pay off student loans early? In most cases, it doesn't make good financial sense to take present day cash to pay off long amortization schedule, low fixed rate, whereby the interest is tax deductible (for most people). Instead, it's better to take the money you were going to use to pay the student loan off early and invest it in high return on investment endeavors like real estate investing.
Views: 4278 Phil Pustejovsky
How To Pay Off Student Loans?
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 229393 The Dave Ramsey Show
Using HELOC Strategy to Create Passive Income
 
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Here is the Prequel Video: https://youtu.be/TWh5vBa-jhM Download our Debt Free Secrets Book & HELOC Calculator: http://chopmymortgage.com In this video, we're going to talk about using Debt Acceleration (HELOC Strategy) to go on the "Offensive" to create passive income! Many of you are a fan of the Debt Acceleration strategy. Some of you may have paid off your mortgage and you have a free & clear HELOC. In this video, Sam Kwak will show you how you can use this very same strategy coupled with some other real estate investing strategy to create passive income to ultimate replace your job income! The Kwak Brothers are millennial real estate investors who have acquired over 76 Units of Rental Units and have raised over $20,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals. JOIN OUR FREE FACEBOOK MASTERMIND GROUP: https://www.facebook.com/groups/bestreigroup #HELOC #DebtAcceleration #PassiveIncome GET SOCIAL WITH US: Facebook: https://www.facebook.com/thekwakbrothers/ Instagram: https://www.instagram.com/thekwakbrothers/ Hire the Kwak Brothers to Speak: [email protected] ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc., and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
Views: 43192 The Kwak Brothers
How To Start Paying Off Debt?
 
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Dave Ramsey explains how to start paying off your debt. Paying down debt can be a stressful process and most people don't know how to start. Watch as Dave gives a step by step guide on how to pay off your debt with a proven plan. Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 918588 The Dave Ramsey Show
Should You Pay Off Bank Loans on Investment Property?
 
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https://www.freedommentor.com/paying-off-bank-loans-investment-property/ Should you pay off bank loans on real estate investment property? Is it financially intelligent to strive to pay down rental real estate mortgages so that you can own them free and clear? Is it better to pay cash for long term real estate holds? Discover the answers to these questions in this extremely insightful training on real estate finance.
Views: 135413 Phil Pustejovsky
Real Estate Revealed: How to AVOID Paying Taxes...(Legally, of course)
 
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Ever wondered how so many people seem to avoid paying taxes…legally, of course, when investing in real estate? Want to know how YOU can avoid paying taxes, legally? Here’s how - enjoy! Add me on Snapchat/Instagram: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Get $50 OFF + FREE Coaching Call FOR A LIMITED TIME: Code THANKYOU50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c Number 1: The first is that pretty much anything in real estate that relates to your business is a write off against your income. Just about anything you related to the income you make on a rental property is a BUSINESS expense, and that’s subtracted from your total income - and you pay less taxes. Number 2: Depreciation. This is probably THE best write off in real estate. This is often how people can make thousands of dollars in profit every month, but on PAPER, they’re claiming they LOST money. In some circumstances you can even use this loss to offset other income you made! Number 3: This is probably the most well known, and probably one of the coolest write offs in real estate… but for those who aren’t familiar with it, this is the 1031 Exchange. One of the benefits of investing in real estate is that you can INDEFINITELY defer paying taxes when you sell a property, and “exchange” it for another property to avoid paying tax on your profit. Number Four: This would apply to most of you watching, especially if you own your own home, is the capital Gains exclusion. This capital gains exclusion means that you can make $250,000 TAX FREE PROFIT if you’re single, and $500,000 TAX FREE PROFIT if you’re married when you own a primary residence and have lived there for 2 of the last 5 years. Number 5: There’s no tax on appreciation until you sell. This is similar to owning a stock that goes up in value, you don’t pay taxes on that stock until you actually sell…until then, any profit you’ve made is called an “unrealized gain.” Same thing in real estate. If the property goes up in value 5% annually, your net worth goes up without you owning a dime in taxes. Number 6: The cash-out refinance and HELOC, which stands for Home Equity Line Of Credit. The benefit of this is that you get access to your money, totally tax free, without technically “making” money. In the eyes of the IRS, you don’t pay tax until you actually sell…and because you don’t sell, you don’t owe any tax. Same principle applies to a HELOC. All of the money you pull out is tax-free since technically it’s a loan and you need to pay it back. Number 7: Rental income doesn’t pay self employment taxes, which consists of social security and medicare taxes. This means that rental income, right off the top, is taxed 6.2% LESS than that same income you’d make from you job - or 15.3% less if you’re self employed, not even including all the deductions, tax write offs, depreciation…so you can see, real estate is a good way to make some money ;) Number 8: Mortgage interest deduction. Now this is a great one that not only applies to rental properties, where you simply just use that as an expense against rental income, but this also applies to your personal residence. The IRS says that you can deduct the interest you pay on up to $750,000 of your mortgage against your earned income, lowering the amount of taxes you’d owe. Finally…number 9…the holy grail for real estate people…is the title called “Real Estate Professional.” Becoming a “real estate professional” opens up a lot of advantages. The biggest advantage of being a real estate professional is that you can use your PAPER LOSSES to OFFSET other earned income! Remember: this is not financial advice, and CONSULT A CPA for any of your specific tax questions. Everyone is different and it’s important to hire someone for your own specific tax advice and needs. For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 118201 Graham Stephan
How I Paid Off $14,000 in Credit Card Debt in Just 7 Months
 
05:06
Paying off your credit card debt can seem like a MONUMENTAL challenge. And getting rid of your credit card debt FAST is even harder. Here are the 4 steps I took to eliminate my $14,000 of credit card debt in just 7 months! Please LIKE or COMMENT if you enjoyed the video! It helps a lot. 😎 If you found any of this so INSANELY useful/helpful/inspiring, I wouldn't mind waking up to a free coffee tomorrow morning. 😘 buymeacoff.ee/rapidweblaunch More of a reader? Check out my full blog post: https://blog.rapidweblaunch.com/2016/08/29/pay-off-credit-card-debt-fast/
Views: 99229 RapidWebLaunch.com
Velocity Banking: For The Common Man
 
05:59
How To Pay off $1604 when you are only making $1300! #sogooditstrue
Views: 36655 Conanjay Wallace
Pay Off Debt Using the Debt Snowball
 
07:54
You CAN take control of your money! You just need the right plan. Financial Peace University is that plan! https://goo.gl/5QJnZr Want to take a deep dive into the debt snowball? Click here for a four-day email series and get your debt snowball rolling! https://goo.gl/jSVm8P
Views: 438803 The Dave Ramsey Show
Buying and Paying Off a Home Faster Dispelling the Myths Surrounding Mortgage Acceleration
 
08:47
Buster and Ellie discuss their experiences Buying and Paying Off a Home Faster Dispelling the myths Surrounding Mortgage acceleration https://truthinequity.com Truth in Equity are the leaders in financial strategies designed to free average Americans from conventional mortgages! You do not need to replace your mortgage in many instances. PLEASE Like & COMMENT on our videos!!
Views: 734 Truth In Equity
How to Use a HELOC for Real Estate Investing (Live Q and A)
 
43:09
How to Use a HELOC for Real Estate Investing (Live Q and A) In this live stream, Natali and I are answering your questions based on our new book, How to Pay Off Your Mortgage in 5 Years! We'll talk about all the details of this HELOC strategy, including evaluating financial products, finding the right bank, and more! How to Pay Off Your Mortgage in 5 Years: https://goo.gl/YBVkQn EP103: Behind the Scenes of Our Next Real Estate Purchase: https://goo.gl/7vWcNg EP184: How to Choose and Use Business Bank Accounts: https://goo.gl/x9sVKp BRRRR Real Estate Strategy: https://goo.gl/7cNSSM Loopholes of Real Estate by Garrett Sutton: https://goo.gl/HiotEV BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 95132 Morris Invest
Debt Snowball Vs Debt Avalanche | Which is the Best Debt Payoff Strategy?
 
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Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: https://amzn.to/2zEFqhT Ah, the great debate. The debt snowball vs debt avalanche. These are the two most common answers that financial advisers give when asked how to pay off debt. But is one of them really better than the other? As a financial education channel I was determined to put it to the test. In this video I reveal my findings. If you enjoyed this video you can check out some of my other videos at the links below! All of my Personal Finance/Investing videos: https://goo.gl/XW5U3k All of my Book Summaries: goo.gl/xmWeaD All of my Social Skills videos: https://goo.gl/N6ikxe All of my Health Related videos: https://goo.gl/hjQ1j9 All of my Productivity videos: https://goo.gl/WguoFsIf you enjoyed this video you can check out some of my other videos at the links below! -~-~~-~~~-~~-~- Please watch: "The Budget That Pays You First | Reverse Budget Explained | Budgeting For Beginners" https://www.youtube.com/watch?v=6RmnUXnBc_g -~-~~-~~~-~~-~-
Views: 305822 Next Level Life
You Can Buy a Home & Pay Off Your Mortgage Under 10 yrs Jordan Goodman Explains - ABC News
 
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You Can Buy a Home & Pay Off Your Mortgage in under Ten Years, and Jordan Goodman explains How on ABC News "Good Money"!! Jordan Goodman is a published author & financial expert. Buying a home in this economy? YOU BET. As scary as it sounds Jordan Goodman explains the housing crisis, and how this is the perfect time to buy your home and pay it off in less than ten years. Go to https://truthinequity.com and change your life! The Proof is in the Results!
Views: 6463 Truth In Equity
Pay Yourself First
 
01:10
SaverLife's financial coach Saundra Davis discusses the golden rule of finances: pay yourself first.
Views: 118 EARN
Understanding how to calculate Credit Card Interest
 
13:18
This is a requested video as a follow up to my first video titled, “How to pay off your 30 year mortgage in 5-7 years”. After that video I have received a lot of questions and a few requests asking to explain how to calculate the interest that is associated with the line of credit that is used to pay down the home loan. This video will provide you with the formula to be able to calculate simple interest, create a spreadsheet for your amortized loan, calculate the interest savings, and determine the best financial approach to reach your financial goals. LINK TO VIDEO : “How to pay off your 30 year mortgage in 5-7 years” https://youtu.be/4GonTct2WMk KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls-mortgage-calculator/id1025852681?mt=8 ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR WEEKLY VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ► Velocity Banking Course - Please email me at [email protected] for more information. ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitko-1464576883611081/ INSTAGRAM: https://www.instagram.com/laura_pitko24/ DISCLAIMER: I (Laura Pitkute) am committed to providing the highest level of information that is legal and ethical to the best of my knowledge, however during this video I am not practicing law nor should anyone rely on the content shared as legal advice, but rather it would be in everyone’s best interest to consult COMPETENT legal professionals before implementing any of the shared strategies.
Views: 38792 Laura Pitko
HELOC Strategy Q&A With a Banker
 
23:14
Download our Debt Free Secrets Book & HELOC Calculator: http://chopmymortgage.com In this video... We have a SPECIAL Guest, Ron Bork with TIAA Bank, who is familiar with the Debt Acceleration Strategy (HELOC Strategy) to give us answers that we've been looking for! Questions such as... "What are the banks looking for when qualifying an individual for a HELOC?" ... "Why is the 1st position HELOC better than the 2nd position HELOC?" ... "WHY does the HELOC Strategy work?!" And most of all he is one of the more reare "unicorns" that understand the strategy AND he is someone who works with a bank that issues out 1st position HELOCs! Join our Monthly Program where we show you how to use this strategy and mastermind with other individuals who are using this strategy to pay down their mortgage and their debt!! https://learn.thekwakbrothers.com Want to read more tips & tricks about real estate investing? Visit: http://thekwakbrothers.com/blog The Kwak Brothers are millennial real esate investors who have acquired over 76 Units of Rental Units and have raised over $20,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals. Download our FREE ebook "5 Steps to Real Estate Investing" here: http://www.thekwakbrothers.com/ebook GET OUR FREE OWNER FINANCING CHEAT GUIDE KIT: http://www.thekwakbrothers.com/cheatguide JOIN OUR FREE FACEBOOK MASTERMIND GROUP: https://www.facebook.com/groups/bestreigroup #HELOC #mortgage #helocstrategy GET SOCIAL WITH US: Facebook: https://www.facebook.com/thekwakbrothers/ Instagram: https://www.instagram.com/thekwakbrothers/ Hire the Kwak Brothers to Speak: [email protected] ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
Views: 29987 The Kwak Brothers
PrePay Your Mortgage, Save Thousands - HomeValueTV
 
04:54
www.HomeValueTV.com In this episode of HomeValueTV, Northern Virginia Real Estate Agent, Realtor and Home Sale Expert Matt Cockerham brings his unique sense of humor and his enormous real estate knowledge to the table to makes a bold prediction about what weird event may be in store next for Virginia AND he shares a simple strategy that anyone can use to pay off their mortgage early and save thousands of dollars on their mortgage.
Views: 3446 Matt
NEVER EVER PAY COLLECTIONS!
 
10:39
SCHEDULE YOUR FREE CREDIT EVALUATION AT: http://bit.ly/2XcNUGP _ BEST CREDIT CARDS FOR YOUR CREDIT: https://www.creditcardbroker.com/promos/feed11831 _ CREDIT MONITORING: https://www.identityiq.com/get-credit-reports-scores.aspx?offercode=431136C6 - NEVER EVER PAY COLLECTIONS! Collection agencies are the biggest scam. I've seen these companies ruined lots of families lives by simply lying to them about paying a bill. the truth is that a collection account is negative on your report and paying the account is equally as bad because they will not remove the account, as a matter of fact, this will restart the timeframe in which an account remains on your report. A collection account showing up as paid is still negative as the credit scoring models are designed to pick that up as a negative account. this is still a negative reflection on your paying habits and finance companies just don't trust that. For more information on credit restoration services feel free to contact Buildworth Strategies they would be happy to explain to you the whole process and especially how this can help you out. FOR CREDIT RESTORATION SERVICES FEEL FREE TO CONTACT: http://www.buildworthstrategies.com/ Contact Info: 1-(855) 532-8453 Email: [email protected] ALWAYS REMEBER TO DO YOUR RESEARCH! So SUBSCRIBE NOW and join me as I seek out the information you need to know to ensure your credit and financial health. SO GET READY...I hope you have your note taking gear in hand ITS TIME TO GET REAL! Please SUBSCRIBE ADD ME ON SOCIAL MEDIA INSTAGRAM: https://www.instagram.com/keepingitreal_withcredit/ FACEBOOK: https://www.facebook.com/realwithcredit TWITTER: https://twitter.com/KRealwithcredit DISCLAIMER: THE FOLLOWING SHOULD NOT BE TAKEN OR CONSIDERED AS LEGAL ADVICE AS WE ARE NOT ATTORNEYS. IF YOU NEED LEGAL ASSISTANCE PLEASE CONSULT WITH YOU LOCAL CONSUMER ATTORNEY. REMEMBER TO ALWAYS ASK QUESTIONS AND DO YOUR RESEARCH! THE FOLLOWING IS BASED ON BUSINESS AND PERSONAL FINANCIAL EXPERIENCE ON CONSUMER CREDIT. BUILDWORTH STRATEGIES LLC STRIVES TO PROVIDE AND INTRODUCE INDUSTRY EXPERTS AND INFORMATION TO HELP THE AMERICAN CONSUMER. RESEARCH IS ALWAYS CONDUCTED, AND TOPICS ARE CAREFULLY SELECTED BEFORE ANY VIDEOS ARE AIRED ON YOUTUBE. THANKS FOR WATCHING KIRWC
Mortgage Accelerator Program
 
26:24
Mortgage acceleration example of one of many strategies Financial Relief Alliance can utilize to pay off your mortgage and all your debt saving 100's of thousands of dollars in interest payments and doing so in a fraction of the time it would normally take.
Views: 74828 financialrelief
Magnetic Mortgages and Investments "the method" interest cancellation
 
01:27:22
Chris Nichilo of Magnetic Mortgages and Investments explains "the method"; revealing secrets to building wealth and owning your home years sooner without making extra payments.
Views: 19058 QuentinQuark
Suze Orman - proper way of looking at homeownership
 
04:56
Home ownership is not always the answer. You have to consider property tax, homeowners insurance, and if you make a down payment of less than 20%, you are also going to be stuck paying Private Mortgage Insurance (PMI). Then there are all the unplanned potential costs; for instance, if the plumbing goes on the fritz, you have to absorb the cost of fixing it; costs which when you were renting, would be covered by your landlord. On average you need to add another 40-45 percent to the principle and interest to get a good feel for what you are going to pay.
Views: 124641 smush13
Ep 47 - Sam Kwak Reacts To Suze Orman (HELOC Strategy)
 
14:05
Our HELOC Strategy Explanation: https://youtu.be/TWh5vBa-jhM Suze Orman's Original Video: https://youtu.be/AVPHL7aNHVA In this episode of the podcast, Sam Kwak is going to provide a commentary reaction of a video made by Suze Orman, The title of this video is called "Using HELOC as Balance Transfer for Your Credit Card is a Very Dangerous Thing to Do". The video is indeed old (Published 2012) and it may be that HELOCs were different back in 2012. But based on current (2019)'s facts and information, Suze may have some hole in her claims. We provided the video of Suze's argument so that you can also make your own judgment call! In conclusion, HELOCs in itself are not evil. It's HOW you use the HELOCs that matter more. Case example... If you have a hammer and if you don't use it the right way, you're going to face risks of hurting yourself! The key here is knowledge and education. If you understand what you're doing and why you're doing it, you're going to be much closer to using a HELOC in a very effective way that has many benefits that outweigh the negatives. When a person uses an "Absolute Statement" to make claims and/or arguments, be aware that it's almost always a fallible claim. 😃 Thanks for Subscribing & Liking our Video! 📰 Want to read more tips & tricks about real estate investing, financial literacy and entrepreneurship? Subscribe to our Blog: http://thekwakbrothers.com/blog The Kwak Brothers are millennial real estate investors who have acquired over 76 Units of Rental Units and have raised over $20,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals. 📋 GET OUR FREE OWNER FINANCING CHEAT GUIDE KIT: https://www.thekwakbrothers.com/cheatguide 📊 GET OUR FREE HELOC STRATEGY CALCULATOR & EBOOK: http://chopmymortgage.com 💻 JOIN OUR FREE FACEBOOK MASTERMIND GROUP: https://www.facebook.com/groups/bestreigroup GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 🔊 📧 Hire the Kwak Brothers to Speak: [email protected] #realestateinvest #entrepreneurship #thekwakbrothers ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
Views: 2796 The Kwak Brothers

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