A Quote by Suze Orman
If you're going to live in the house make it your goal to just pay off your mortgage.
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If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
There are conventions for people with serious, boring inventions, but fad inventors need help. You need someone to talk to. You just can't tell your friends you're going to invent a pet rock and mortgage your house to pay for it. It's embarrassing... risky mentally. Your friends think you're crazy.
I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell.
Coming up with a ballpark figure on how much you need to pay your expenses, such as your mortgage or rent, insurance, and utilities, is the first place to start when developing your ultimate goal of becoming a multimillionaire.
Bad karma is the spiritual debt one has accumulated for one's mistakes from all previous lives and this life. It includes killing, harming, taking advantage, cheating, stealing, and more. On Mother Earth, when you buy a house, you take out a mortgage from a bank. This mortgage is your debt to the bank. You pay every month for fifteen, twenty, or thirty years to clear your financial debt. In the spiritual realm, if you have bad karma, you may have to pay for many lifetimes to clear your spiritual debt.
Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.
God's dream is that you have an abundance, that you be totally out of debt, pay your house off, pay your credit cards off, and have so much overflow that you can be a blessing to everyone around you!
Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees.
If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay more than they would otherwise. You take a loss even though you're making a gain.
Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income.
It is better that you live in a one-room garret with a leaky roof, than live in a large house, the mortgage payments of which are causing your colon to turn cancerous!
It is important for you to have a goal. You simply can't get there if you don't know where you are going. Begin to build in your mind a dream. The write it down and make your goal realistic. Aim high enough that you will have to stretch your ability and your potential to reach it.
Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
When you move off a point of power, pay all your obligations on the nail, empower all your friends completely and move off with your pockets full of artillery, potential blackmail on every erstwhile rival, unlimited funds in your private account and the addresses of experienced assassins and go live in Bulgravia and bribe the police.
The health insurance industry does not like to pay out claims, because they don't make money. The only way they can make a profit is if they don't pay for your operation. If they pay for your operation and your doctor's appointment and your pharmaceuticals, they don't make any money.
I had to make a living. I had the mortgage to pay, I had the school fees to pay. I had bread and butter to put on the table. You know your worth as an actor, but you have to get a job.
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