You’re probably making this one big financial mistake
For a lot of people, the single largest component of their net worth is the Home that they live in. A lot of people forego saving for their retirement in order to pay down their mortgages and free themselves from their mortgage.
While there is definitely something to be said for the freedom that living debt-free can provide, making extra payments and striving to pay down the mortgage is setting you back.
The money that you spend paying down the mortgage is money that could be invested for your retirement. We unfortunately meet too many people who enter retirement with most of their net worth tied up in the equity of their homes instead of their retirement accounts.
Home equity can’t pay bills or put food on the table.
What we need is a strategy to convert the equity in your house into tax-free income that you can use to live upon in retirement. By strategically harvesting the equity by using GOOD DEBT, you can convert the equity in your house into assets that create tax-free income for retirement and that are liquid.
With the guidance of one of our financial representatives, you can learn to pay down your mortgage and successfully harvest the equity again and again before you retire. There are several ways to do this and it is important that you seek the assistance of a qualified financial professional.
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