For this episode, we are talking about all things mortgages. I recently closed on my new home and I wanted to discuss with you all the topic of whether or not mortgages are a great way to force savings.
Mortgages are often thought of as a big liability but there are quite a few reasons why having a mortgage is very beneficial from a savings standpoint. Learn more by checking out this week’s podcast.
Now, let’s look at what we discussed in this episode:
- The questions a typical physician asks themselves whether or not they have enough to retire and live comfortably.
- How and why a mortgage is a great way to build long-term wealth.
- How having a home mortgage affects your net worth.
Here’s a breakdown of how this episode unfolds…
[2:20] The probing questions a typical physician asks themselves when they are in the later years of their career.
[4:25] Why a mortgage is a great way to build long-term wealth.
[7:00] The biggest deduction you can make on your mortgage.
[10:50] What allowed my savings and investments in my own home to be a bit more liquid.
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The post Podcast #54: Is a Mortgage a Great Way to Force Savings? appeared first on Passive Income M.D..