In today’s culture, borrowing money and making purchases on credit is a way of life. It is the only way most of us are able to afford the “big ticket” items. In fact, many of us could not fathom how our lives would function if we were not able to utilize the credit system. We borrow money, make payments with interest, pay off the loan and thus establish a sound financial history. This then becomes the basis for borrowing more money in the future.
But what if this was not necessary? What if there was a different way? Have we become so deluded with our modern way of life that we are now trapped? So join me for E208 Why the 30 Year Mortgage is Not Your Friend.