Andrew Page

speaker

463 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Andrew Page’s voice in public audio — every appearance, attributed to the second.

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So no matter what happens in the economy, I can sleep pretty soundly at night knowing that I'm not going to lose everything if interest rates go up.

The great thing about a house and having a small or non-existent mortgage on it is that

Think about that.

The return there is insane because what you would otherwise be spending on paying an interest or paying on rent is in your pocket.

It's a guaranteed return.

I've got a couple of friends who have houses and they've got these massive mortgages against it and they have an investment property.

And then thinking, oh, maybe I've got a bit more equity, I'll buy another one.

Again, this sort of stacking things on top of each other works really well in an appreciating housing market.

But my urging to them is actually, you know what, why don't you just spend that money and pay off your mortgage?

Because being in a situation where you're mortgage-free, that is, some of these guys are paying $800 a week in interest.

Like, wouldn't you rather, I mean, think about having $800 in your pocket each week.

But you could invest or do whatever you want.

That is a return in exactly the same way as anything else would be considered a return.

So anyway, each to their own.

But that's the life for me is a low stress life where I can live mortgage or rent free.

Mate.

Can I just quickly add a couple?

I know we're short on time, but just add a couple of quick things on that.

So we've just transitioned to this premium model.

So the free site is going to be a little bit restricted in terms of the content that you can see there.

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