A mortgage that pays
Do you have the wrong kind of debt? “What’s the wrong kind of debt?” you ask. It’s debt that’s not tax deductible! Unfortunately, that’s the kind that most of us have. Now even the wealthy have debt, but the difference is, they routinely turn their loans into “good debt” by making the interest tax deductible. They do this with the help of an array of expensive accountants and lawyers. Ok, so while the wealthy are transforming their house mortgage loans into free tax refunds, what are the rest of us doing? Well, I’m glad you asked! The rest of us are paying off huge amounts of mortgage interest with after-tax income and not getting any wealthier in the process. About right now, I’m guessing that you’re thinking, that stinks, but what can you possibly do about it. After all, it’s just the way it is, the rich just keep getting richer! Well, my friends, don’t despair. There is hope. There does exist a simple and yet powerful method, that extends those tax-saving benefits to the rest of us. In fact, it’s so easy to use that you and your financial planner can start turning your bad debt into good debt, almost instantly!
Are you investing enough? All right, I’m sorry I asked! I know that you’re probably like most Canadians, who simply aren’t! After never ending taxes and the cost of just trying to make ends meet, most of us today don’t have the leftover cash to put away at least 10% of our income and or even come close to maxing out our RRSPs every year. The benefits of compound interest are immense. It’s essential to our long-term financial well-being, yet it remains out of reach for most, but once again there is a way to change that. It’s done by converting mortgage interest into tax refunds. I don’t know about you, but for me, it’s like hitting the jackpot in Vegas every time that I play! It dramatically improves your cash flow; cash flow which can be further used to build more wealth. It’s an incredibly amazing way for you and your family to receive large amounts of new money, through free tax refunds. Isn’t it about time that you got something back from the tax department?
Did you know that a $200,000 mortgage at 7% over 25 years will set you back about $220,000 in interest costs? That’s after-tax income, which means that using conservative estimates, you’ll have to earn about $700,000 to pay off your home. Is it any wonder that saving for the future for most Canadians seems more an impossibility, rather than a probability? But if you make this interest cost tax deductible using a proven and effective strategy, you can now recover a good chunk of that interest in the form of yearly tax refunds. When you use the tax department’s money to pay down your mortgage faster, it results in your being able to pay off your entire mortgage many years sooner. Now I’m guessing that if I haven’t lost your interest to this point, you’re definitely interested in saving money and increasing financial security! So what’s the next step? Well, that’s easy! Just click here to contact me and we can get the ball rolling on this amazing strategy, and start you down the road to prosperity!
