In today's episode, Matthew Pillmore discusses mortgage debt payoff tips from Kevin O'Leary (aka Mr. Wonderful from Shark Tank). What does this millionaire mentor have to say about single family home debt reduction and the role it plays in your well being, money worries and steps to financial freedom and achieving your financial goals?
It's simple: take action! Implement smart cash flow management planning and start paying down that principal balance! Mortgage interest is a big problem - and a big expense over the term of your home mortgage loan - so we (and Kevin O’Leary) believe you should prioritize eliminating your mortgage even above high-interest credit card debt - remember, the interest rate isn't the most important thing to consider - the term is.
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Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
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