Great to know. If you want you can also get a FREE copy of The LASER Fund, whicb has all of these and much more with case studies and examples. www.laserfund.com/
Thanks for the financial education you are providing to people. 10 years ago, a financial adviror suggested to take whole-life policy and explained to borrow money in the future at 8%. I did not get it as I did not know how get returns more than 8%. Now, I it makes sense with your examples but the premium is high due to more age. I want to get the free copy but there is no shipping to Canada, it appears. Can we download a soft copy?
In Canada, if you have Investments, worth as much as, or more than your Personal Home Mortgage, you can do this: Sell sufficient to pay out the Existing Note, if possible. Then take a Mortgage to buy Securities, and the interest becomes An Investment Loan Deduction. There may be other approaches, but this is pretty straightforward.
My thoughts, if a "Borrow" aspect is in mind, try and Setup a Personal Line Of Credit, of about 2x to 3x the value needed, to cover that, and use the PLOC, rather than a "Loan", in the interest of maintaining "Flexibility!"
@petertennant2612 yes. like Doug said, stay liquid. if you have the cash to pay off the loan, you are not really in debt per se. who knows that the future of lending is? you may not like the rate/terms or not qualify for some reason.
Very to the point of visual and understandable presentation things were confirmed for me and just have to keep working on the mindset
Thank you brother, Im committed to learning this!!! I have to start taking note watching your videos lol
Great to know. If you want you can also get a FREE copy of The LASER Fund, whicb has all of these and much more with case studies and examples. www.laserfund.com/
Thanks for the financial education you are providing to people. 10 years ago, a financial adviror suggested to take whole-life policy and explained to borrow money in the future at 8%. I did not get it as I did not know how get returns more than 8%. Now, I it makes sense with your examples but the premium is high due to more age. I want to get the free copy but there is no shipping to Canada, it appears. Can we download a soft copy?
Do you have people based in Canada who can help setup mortgage interest déductible ? And setup those laser fund.
In Canada, if you have Investments, worth as much as, or more than your Personal Home Mortgage, you can do this: Sell sufficient to pay out the Existing Note, if possible.
Then take a Mortgage to buy Securities, and the interest becomes An Investment Loan Deduction.
There may be other approaches, but this is pretty straightforward.
Mortgage comes with insurance and taxes
Properties come with taxes and insurance regardless of whether or not you have a mortgage
No it doesn't.
@@Maria_Serbina😂 what country do you live in?
@samuelojo2680 united states
@Maria_Serbina what property(ies) do you own in the US that doesn't have the components mentioned above? 🤔
He just showing you how the rich use your money.
I will owe $14,000 in taxes this year for oil and gas land I sold in 23. Should I get a loan for this or just take it out of saving?
My thoughts, if a "Borrow" aspect is in mind, try and Setup a Personal Line Of Credit, of about 2x to 3x the value needed, to cover that, and use the PLOC, rather than a "Loan", in the interest of maintaining "Flexibility!"
@petertennant2612 yes. like Doug said, stay liquid. if you have the cash to pay off the loan, you are not really in debt per se. who knows that the future of lending is? you may not like the rate/terms or not qualify for some reason.
Fast talker....