A BRILLIANT NEW MORTGAGE CALCULATOR METHOD FROM PAPA-PEPPER
Learn how to calculate how much your debt will cost you by subtracting years from your life!
I know that there are quite a few mortgage calculators out there that allow you so see things like exactly how much you'll be paying in interest on certain loans, how much your monthly payments will be, etc. In this video, I share an incredible idea about how to transform those dollar amounts into weeks, months and years of your life. By converting things like your monthly payment or total interest amount into time, you can see how much of your life you will have to give up just to get things fast and now.
Would you shorten your life expectancy by five years just to get that house of your dreams today? Great! Then we've got a mortgage for you!
NEW MORTGAGE CALCULATOR VIDEO
As always, I'm @papa-pepper and here's the proof:
proof-of-not-being-impressed-with-the-status-quo
Until next time…
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Hey @papa-pepper maybe you found that interesting: https://www.forbes.com/sites/forbestechcouncil/2018/03/06/how-to-save-crypto-through-thoughtful-regulation/#1931c2707f5d
I enjoyed your video and mostly agree with what you are saying and you are correct in saying schools should teach Every day financial matters, I don’t know about the USA but here in the 🇬🇧 I have what’s called a offset mortgage where your savings are offset against your mortgage and it can save you a lot of money over the years, thanks mike
Interesting, and thanks for sharing that. I've just seen too many family get deep in debt and end up losing a lot... and then their kids grow up to do the same thing... It's sad.
Yes it’s no different over here unfortunately, thanks for your reply cheers mike
Ps have you checked out the blue tit lately
I think I agree with you on your calculation. I think it's always best to live within what you earn. Shortening one's life just to get things fast now is not worth it. For me, contentment is the key. Great video
Thank you very much for that!
I'm sorry I was hacked! I have deleted the spam and working on clean up! xo
@mickyscofield, nice idea about the app, it could actually be modified. @papa-pepper, this is kinda an eye opener, looking at how disadvantageous getting loan is from this your perspective. It will make people understand and know how much they are losing on a level they can understand.
I just think that more people really need to consider the seriousness of debt and paying interest, and this would be one simple way that they could understand it a little better. Thanks!
At least your thinking about it. Whether in correct terms or not can be debated. So many people don't think about it at all. It's really scary.
Crucial to get that first house paid off.
Need one of these for crap food as well.
Save $12/month buying shit food in plastic and cardboard containers. Cripple the last 1/3 of your life with debilitating agony and chronic disease! A deal so good you'd be a sheep to not take it!!!
Wow! Great idea! I love it.
But I want it now! I've been 'good' I deserve this. We were trying to keep up with the Joneses and realized they moved away.
Cash is king and freedom is priceless.
Those darn Jonses!
Hahaha!!!...Really incredible....
I think it could be modified as an app for smart phone.
Very smart initiative
"Less than 3% on a 15 year mortgage" hmm...
Smartinvestors needs this
Good idea!
Well done, something to also consider is the size of your home in regards to the debt, do you really need a massive home?
While having young kids at home you do need space, once they leave home you are left with heating and keeping all that space cool.
Picture 2 old folks having to maintain it when they are in their 70's and 80's.
Aging in place before you build is something to consider.
Bending over to tend to a garden is also something hard to do. So raised beds need to be considered.
When we are young we do not consider many of the things that will impact our living.
Very sober points!
Magic time machine and go back to visit my younger self and there would be so many changes...