Hosts: John and David Thompson

Full podcast: https://smplmoney.podbean.com/e/mortgages-part-1/

Episode Summary: In this episode of SMPL Money, John and David discuss the first three reasons from Ric Edelman's article, "11 Great Reasons to Carry a Big Long Mortgage." They provide insights from their generational perspectives on why carrying a mortgage can be beneficial, challenging conventional wisdom that encourages paying off mortgages quickly.

What You'll Learn: Reason 1: Your mortgage doesn't affect the value of your home. The appreciation of your home is determined by the market, not by the presence or size of a mortgage. Reason 2: A mortgage doesn't prevent you from building equity in your home. Equity is primarily built through home appreciation and paying down the mortgage with your own funds. Reason 3: A mortgage is cheap money. Mortgages typically have low interest rates, especially fixed-rate mortgages, which can be advantageous in the long term due to inflation and increasing earning potential.

Resources Mentioned: 11 Great Reasons to Carry a Big Long Mortgage by Ric Edelman https://www.edelmanfinancialengines.com Books by Ric Edelman: "The Truth About Money", "Ordinary People, Extraordinary Wealth"

Connect with Us: Reach out to John and David with your questions or feedback. SMPL Mortgage https://smplmortgage.com/contact-us/ Follow us on social media for updates and more insights. @smplmortgage

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