When you have extra cash available it's easy to think applying it directly to a large balance–like a mortgage–is a good idea. But in most cases there's a better use for that money, even if it is strategically used in a different way to help you accomplish the same goal. Recently a client came to me with a plan to pay down his mortgage, and left our meeting with a different idea. Once you listen to this episode I think you'll see why. And you'll know whether a similar strategy is the right approach for you too. Listen now! Show highlights include: How refinancing your mortgage keeps you broke. (1:41) Nelson Nash's "interest secret." Most people focus on the interest rate when they should be looking at this instead. (2:03) Focused on paying off your house early? Here's when it makes sense, and when it doesn't. (2:22) "Equity trap." How paying down your mortgage to gain equity hamstrings your chance to build substantial wealth. (4:35) Does it really help your finances to borrow from your whole life policy? Real-world example shows the stunning difference. (9:09) Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)

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