My general response to the video: How To Pay Off Your Mortgage Fast Using Velocity Banking | How To Pay Off Your Mortgage In 5-7 Years” on YouTube”
After critically watching this YouTube video, we can clearly learn a number of lessons from it. The line of credit strategy and leveraging credit to reduce amortized interest rates is something I didn’t know about. It is excellent to know.
Most of the other concepts I knew about.
We chose to let others pay “our” high interest rates in exchange to letting us have more mobility, which in the administrative world of higher education is important.
It gives us a chance to move jobs quick in order to move up the chain of command if we choose to. We play the system against itself leveraging our small businesses and margin investment accounts mostly for increases in cash flow keeping expenses to a minimum.
I’m not a typical college professor who acts in an arrogant way against others and who disregards the opinion and logic given by non PHD’s. Most of what I’ve learned in finance and leadership occurred out of former higher education.
It actually came from my Jewish friends and my military mentors.
If you have interest in how systems work (which I suspect you do), you may find this blog post interesting to read or hear. It’s a piece I wrote on the subject of finance.
My recommendation: Watch the video. It looks like a get rich video but it has some esoteric financial knowledge worth knowing. The real estate advise seems sound with the exception that the author doesn’t take into account risk and maintenance cost.