A simple example of bad debt?

Credit card debt is bad debt because it has a high interest rate and it’s not deductible. It is always a wise move to pay off high-interest non-deductible debt before allocating money to build wealth for retirement.

When is good debt good?

It’s good only when you have the discipline to use the money you otherwise would use to pay down debt to build wealth elsewhere. If you are going to take the extra money you could use to pay down debt and waste it instead of using it to build wealth elsewhere, you would be better off paying off your debt (even good debt).

Is home mortgage debt good or bad debt?

Let’s answer a question with a question: If you could borrow money at a net 3% and invest the money at a net 6%, how much money would you borrow? This is not a trick question. The answer is always as much money as the lender would lend you.

This is why it is not a good idea to pay off low-interest deductible debt. For many, their home loan will cost them 3% or less as a net expense after writing off the interest. If homeowners used their extra money to grow wealth using a safe money tool where it is expected to grow at 6% or greater, wouldn’t that make much more sense?  Safe Money Tool Video Click Here

The answer is a resounding YES, but people so despise their mortgage they don’t seem to care about the simple math of building wealth for retirement and would still rather pay down their mortgage.

Home Equity Acceleration Plan (HEAP™)

What is HEAP™? It’s a unique mortgage acceleration program.

To download an informative Tri-Fold Brochure PDF, click here.

This will appeal to everyone who wants to pay off their home mortgage and other debt.

If you had the opportunity to pay off your mortgage 5, 10, 15 years early, save in excess of $100,000 in mortgage interest payments, and you could do so WITHOUT changing your current spending habits, WOULD YOU? If that’s your goal, then there is no better tool to use than HEAP™.