Manage episode 274046603 series 1061386
Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.
Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy
Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.
Now, I am sure you’re waving red flags, and you definitely should be. I was too.
Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.
Here are just a few things we mention inside this episode:
- Countries such as Australia and Japan already use this method of rapid mortgage acceleration
- The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance
- You must have some equity in your home now
- You must have a positive cash flow (income)
- Why the banks will not like you after this
Mentioned in this episode
- Money Answers
- Master Your Debt by Jordan Goodman
- What is a HELOC and How Does it Work?
Are you currently living on a plan for your life and money...AKA a budget?
The #1 habit of the most highly successful people is they are proactive. They don't wait for life and money to happen to them, they happen to their life and money.
If you haven't started yet, now is the best time to start living on a simple budget. It's time to be proactive.
Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!
Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.
If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.
All the show notes, links and anything Jordan and I mentioned can be found at https://www.moneypeach.com/session149