6 REALLY COOL THINGS: The King of your Castle!!! – Mortgage
6 REALLY COOL THINGS: The King of your Castle!!!
Tom Levine
If you want to be a millionaire, if you want to be smart with your money, if you want to get ahead in life, build security, establish equity, and retire in confidence, then you must, simply MUST become the King of your Castle!
You need to buy your first home if you havent taken this important step yet. If you have bought your first home already, then read on. I know you already are nodding your head in full agreement, but lets briefly review some of the really cool things that happens when you own your own home:
Thing 1 : All interest paid on your mortgage is a tax write-off at the end of the year.
Thing 2: You are building equity, and FAST!
Thing 3: No more landlords, No more thin walls!
Thing 4, the tax break, gives you breathing room financially.
Thing 5, Equity. Huge deal here.
Thing 6: The King of your Castle!
Thing 1 : All interest paid on your mortgage is a tax write-off at the end of the year.
Thats HUGE. If you pay $1000 a month on your mortgage, the vast majority of this is interest.
Youre write-off at the end of the year, will be around $12,000 as a scheduled deduction on your 1040 to the tax-man. See the massive benefit this has, come April 15th
Watch your savings account thrive, or go on an awesome vacation to Jamaica, or buy a new car, or invest in a mutual fund. We