Mortgages Part 3

Hosts: John and David Thompson

Episode Summary:
In this final installment of the Mortgages series, John and David continue discussing Ric Edelman’s reasons for carrying a big, long mortgage. They cover reasons 8 through 11, focusing on how mortgages can provide greater liquidity, flexibility, and help build long-term wealth. They also dive into the bonus reason that you're never really "done" paying for housing, whether it’s through a mortgage or other living expenses.

What You'll Learn:

• Reason 8 & 9: Mortgages allow you to invest more money and do it more quickly, leading to potential wealth-building opportunities.
• Reason 10: A mortgage gives you greater liquidity and flexibility, allowing you to keep more cash on hand for emergencies or investments.
• Bonus Reason (11): You will always have housing costs, whether it’s through a mortgage or rent, so it's beneficial to leverage a mortgage strategically for long-term wealth.

Timestamps:

• [00:00] Introduction to the episode and hosts
• [01:00] The ability of a mortgage to allow quicker investments
• [03:00] How having a mortgage affects wealth-building strategies
• [06:00] Liquidity and flexibility: Why a mortgage can be an advantage
• [10:00] Understanding ongoing housing costs even after paying off a mortgage
• [14:00] Recap of the 10 reasons and the bonus reason for carrying a mortgage

Resources Mentioned:

• Ric Edelman’s 10 Reasons to Carry a Big Long Mortgage

Connect with Us:
Reach out to John and David with your questions or feedback. SMPL Mortgage

Follow us on social media for updates and more insights. @smplmortgage

If you enjoyed this episode, please like, share, and subscribe to SMPL Money for more insightful discussions. Stay tuned for our next episode where we continue to unravel the complexities of finance in our lives.

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