How To Pay Off $300,000 FAST... With $1,000

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  • Опубліковано 22 лис 2024

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  • @mikemiller1650
    @mikemiller1650 3 дні тому +9

    I chunked $15000 in addition to my 1st month on my rental property saved myself 90g in interest reduced 3yrs off the term plus i pay addition 500.00 per month from a credit card and because i pay card in full my limit has increased by 10g, on pace to pay a 30yr in 16 but my goal is 7

  • @lilpetec6803
    @lilpetec6803 День тому +2

    I agree. By paying more on the principle will save a lot on the interest. That means you can pay off your house much quicker.

  • @daudiophile
    @daudiophile День тому +7

    Basically pay more towards principal it’s called common sense 😂

  • @Boajoy-k6p
    @Boajoy-k6p День тому +2

    I’m not getting where to start and how. This is a little confusing. Is he saying use you savings each month?

  • @ettazay5088
    @ettazay5088 День тому +5

    Clear as mud. WHERE. DOES. THE. $1000/mo FIT. INTO. THIS?

  • @abrahamnesmith2042
    @abrahamnesmith2042 День тому +6

    I'm missing the part where the $1,000 loan is paid back.

  • @soniamolina34
    @soniamolina34 3 дні тому +3

    So are you saying pay the mortgage with a zero % credit card? What if your bank doesn’t allow credit card payments?

  • @irenmolnar221
    @irenmolnar221 День тому +2

    Hi you are a financial guru genius but where o get that extra $1000????

  • @cassannajohnson5580
    @cassannajohnson5580 3 дні тому +1

    Cj you are awesome! Knowledge is power!

  • @TopicAvenue
    @TopicAvenue 12 годин тому +1

    I really don't think it is great idea to withdraw the money from your credit card @ 21% to pay off your mortgage loan@6%, faster in 12 years. You need to show analysis of interest paid on credit card verses interest paid on mortgage loan in 12 years. If you don't have extra $1000 income, how to pay off your credit card?

  • @soniamolina34
    @soniamolina34 3 дні тому +2

    Nevermind you answered at end 😊

  • @MelissaFortune
    @MelissaFortune День тому

    New sub. Liked, stared and subbed. Ty fór sharing your wisdom

  • @JesseHBey
    @JesseHBey 3 дні тому +4

    I wish my 300k mortgage was that low😮 I'm paying 3k per month.@ 7%

    • @guerri555guerri6
      @guerri555guerri6 3 дні тому +1

      You must be paying for mortgage insurance, taxes; insurance, HOA

  • @soniamolina34
    @soniamolina34 3 дні тому +1

    That’s crazy! WOW!

  • @Jai-CharlesDecembly
    @Jai-CharlesDecembly 2 дні тому

    You are the best

  • @jarreau2001
    @jarreau2001 День тому +1

    This assumes you have an extra 1000 every month. And using credit to pay debt seems counter productive too me.

  • @pamelabryant2283
    @pamelabryant2283 День тому

    Great information 😊

  • @MarkPiresTaxCoach
    @MarkPiresTaxCoach 3 дні тому +2

    I rather put mz $1,000 in the market

  • @shanenolan085
    @shanenolan085 3 дні тому

    ❤❤

  • @reggien
    @reggien 11 годин тому

    So you basically paying 2700 a month instead of the 1700 and applying the 1000 to the principal. So to save time just pay more money each month than you owe🤣🤣🤣 Got it👌🏾

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    @NianLisa 3 дні тому +9

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    @Doctorbiz1958 18 годин тому +1

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