Mortgages Part 3

SMPL Money

Hosts: John and David Thompson

Episode Summary:
In this final installment of the Mortgages series, John and David continue discussing Ric Edelman’s reasons for carrying a big, long mortgage. They cover reasons 8 through 11, focusing on how mortgages can provide greater liquidity, flexibility, and help build long-term wealth. They also dive into the bonus reason that you're never really "done" paying for housing, whether it’s through a mortgage or other living expenses.

What You'll Learn:

• Reason 8 & 9: Mortgages allow you to invest more money and do it more quickly, leading to potential wealth-building opportunities.
• Reason 10: A mortgage gives you greater liquidity and flexibility, allowing you to keep more cash on hand for emergencies or investments.
• Bonus Reason (11): You will always have housing costs, whether it’s through a mortgage or rent, so it's beneficial to leverage a mortgage strategically for long-term wealth.

Timestamps:

• [00:00] Introduction to the episode and hosts
• [01:00] The ability of a mortgage to allow quicker investments
• [03:00] How having a mortgage affects wealth-building strategies
• [06:00] Liquidity and flexibility: Why a mortgage can be an advantage
• [10:00] Understanding ongoing housing costs even after paying off a mortgage
• [14:00] Recap of the 10 reasons and the bonus reason for carrying a mortgage

Resources Mentioned:

• Ric Edelman’s 10 Reasons to Carry a Big Long Mortgage

Connect with Us:
Reach out to John and David with your questions or feedback. SMPL Mortgage

Follow us on social media for updates and more insights. @smplmortgage

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