There’s a huge misconception out there that you have no control over your long-term loan repayments such as a mortgage. For years people have just lied down and taken whatever Banks or their financial advisors said as gospel. Even if it didn’t benefit them in the slightest. The reason for that is two-fold: A general lack of understanding.
Fear to take big financial decisions into “their own hands.” But, the great thing is, once you tackle and master #1… by default, you do the exact same for #2! I’m going to help you do both today. I’ve decided to create my own 100% customizable tool, using just Google Sheets (or Excel) that tracks and measures different prepayment strategies. In this video, I’m going to walk you through exactly how to build one for yourself! I could just give it to as a “fill in the gap” kind of exercise – but I’m not. I’m going full “Dad Mode” on this one. There is huge value to be had in setting some time aside to build this tool with me step-by-step by yourself. In doing so, you’ll get to understand money, and finance deals, the concepts behind them, the curve of a loan over time, and so much more. It will serve you so well in every future financial decision you come to make. Then once the tool is built? You’ve got it forever! This is going to be part 1 of a 2 part mini-series. In part 2, you’ll discover how to use the tool you’ve just built to shave up to 10 years off your mortgage.
