This “adventure” was going to cost the family around $10,000. However, they
didn’t want to wait another six years until they had paid off their home loan
before going on this trip. Instead, they wanted to go within the first two years
of starting their plan.
So, they factored the trip as a “Lump Sum Expense” in the
software program and it showed that spending this amount of money would increase
their loan term by another eleven (11) months.
They decided the holiday would definitely be worth the extra time because of
the joy it would bring them as a family… so, they went!
This is just one example of what we mean by making informed decisions.
What’s more, we don’t want you to miss out on the finer things in life,
either. We just want you to make your money work harder for you. That is why we
advise you to create your Mortgage Reduction Plan before you do anything else.
This is such a worthy thing to do for yourself and every day you put it off is
another day that money is going out of your pocket on unnecessary interest
payments to the bank.