Money Plan SOS

Money Plan SOS


Top 5 Ways To Pay Off Your Mortgage Early

April 01, 2014

Never has the show brought on more guests, more topics, and more laughs. There were so many people on this show that there wasn't enough room for Steve.

HAPPY APRIL FOOLS DAY! I'm not here in this episode - I've commandeered three other shows that are not my own.
Here's where I am today:

While Joe is in taking over my show I am also taking over the Stacking Benjamins show. 
Starve The Doubts where I turn the tables on Jared Easley and interview him on his own show!
On the Cash Car Convert (usually by James Kinson) I talk about getting out of the car payment business.

You can click on any of the links above for their (or should I say “my”) shows.
If you would like to read the backstory of why I took over 3 shows in one day - and why I'd NEVER do it again - read this.
What you will get from today's show hosted by Joe Saul-Sehy

Pirates take over the show (Arggggggghh)
Average Joe Money and OG talk about Forbes Billionaire List
Helicopter parents crash kids' job interviews
The Roundtable talks about Groupon and Living Social: Are online deals a good deal?

And finally, a classic Top 5 list.
Top 5 ways to pay off your mortgage early
OG's Top 5:

5) Don't take out a mortgage so big to begin with

4) Refinance to a lower interest rate

3) Round up your monthly payments

2) Make a 13th payment every year (extra payment)

1) Sliced fruit (just kidding). It's "Get a 15 year mortgage"

Average Joe's Top 5:

5) Shorten the term of your mortgage

4) Use your tax refund to pay down your mortgage

3) Round up your monthly payments, don't round down

2) Switch to bi-weekly payments

1) Place your extra money in an S&P 500 mutual fund, then apply it when the mortgage reaches the amount invested
Cast members for Episode 150:
Special thanks to the following cast members who made this April Fools Day podcast hilarious (in order of appearance):

Average Joe Money from StackingBenjamins.com
OG from StackingBenjamins.com
Paula Pant from AffordAnything.com
Len Penzo from LenPenzo.com
Miranda Marquit from PlantingMoneySeeds.com

Disclaimer
Steve Stewart does not agree with the Roundtable's advice of opening up a credit card for free airline tickets - regardless of paying them off every month or not. These "free" tickets or cash-back rewards are being paid for by the credit card company who in turn gets the money from those who do not pay off their balances, do not make their payments on time, or are over their limits. Be responsible for yourself AND your Brothers.


loaded