Description
If you want to build wealth, this is the book for you. Wealth building is a process which starts with a desire within you to create wealth. Next step is obtaining the right knowledge. Knowledge gives you confidence to act. These two parameters are useless if you do not take action, and are not persistent enough to stay the course. This book is mainly about a mortgage acceleration technique. This little known but proven technique can help you pay off your mortgage loan much faster and save thousands, if not hundreds of thousands, of dollars in mortgage interest. However, this is not the only intent of this book. Instead of pages after pages of lengthy verbiage, this book actually comes with a free DIY spreadsheet that you can download. In the spreadsheet, you can see, for yourself, how the claim in the book is backed by the numbers. You can also input the numbers those are more pertinent to your situation, check out the formulae and computational mechanism if interested, and make your own plan and payment schedule. It does not just end here. This book dissects the pros and cons of paying mortgage early and numerically compare early mortgage payment with alternative investment so you can choose the best course of action for you.
As a bonus, you get a free DIY spreadsheet of numerical comparison between renting versus buying where you can input the numbers relevant to your housing market and decide for yourself which option is best for you.
The book also briefly delves into reason for creating wealth because the "why" is a very important factor to consider before setting a goal and setting out to achieve it. A strong "why", to support your goal, gives you strength to carry on in the face of adversity.
Besides gaining the knowledge of mortgage acceleration technique described in this book, the author is hopeful that the reader gains much better insight of his/her financial affairs and is empowered to take control of such affairs in order to reach a step closer to his/her financial freedom.
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