The $1,000,000 Question

The $1,000,000 Question

A homeowner asked me something last week.

“I have $2,000 extra every month.
Should I put it on my mortgage, or should I invest it?”

Great question.

If he put the $2,000 on his mortgage, he would save about 16 years on his amortization and just over $250,000 in interest.

If he invested $2,000 every month for 30 years at around 5 percent, it could grow to about $1.3 million.

Then he said, “I wish I did not have to choose.”

Here is the part most homeowners do not know.
With the right strategy, you can do both.

He paid his mortgage off faster and invested at the same time by using the equity created by those extra payments.

And when his mortgage ended 16 years earlier, all that freed-up cash went straight into investing, doubling the amount he could invest.

Same $2,000, working harder for Alex.

If you have extra cash each month and are wondering what the smartest move is, this conversation might matter to you.

Send me a message if you want to learn more about the strategy.