Who Woulda Thunk It?

[Dan Auito]

If you have time take a look at the attached PDF.

[Debbie]

Pretty good history and education!

I noticed that parts of it are hard to read.

Dan, if I may, I found a similiar link for easier reading....
http://www.accurate-creditrepair.com/12%20Page%20MF%20handout.pdf

[PMCS]

A fascinating read. I'll have to re-read and re-read to get in all to sink in.

I'm of the "old school" of thought -- this is something of a paradigm shift for me.

Thanks for posting it.

[Dan Auito]

I'm with you Phil. Definitely makes you think.

[SPIVALAW]

There is a good book that discusses this called LEAP

Another reaosn is 30 years and the time value of money means you are paying mortgage with cheaper dollars later.

[scottish007]

I love this article. I especially like the "two brothers" table!

SPIVALAW, can you provide a link to the LEAP book? I am having trouble locating....

[SPIVALAW]

This is the web site of the nice lady who gave me my copy.
Email Barbara for a book.

http://www.treadwellassociates.com/


Treadwell & Associates, LLC

530 Fifth Avenue
New York, NY 10036
Phone: (212) 536-6007
Toll Free: (800) 695-6007
Fax: (212) 536-6134

213-A East Gaston Street
Savannah, GA 31401
Phone: (912) 236-1704
Toll Free: (800) 695-6007
Fax: (912) 236-4025

Email: btreadwell@finsvcs.com

[PMCS]

I believe that's a product from LEAP Systems Inc. Their website is www.leapsystems.com. They deal with individuals as well as license folks to operate with their products. I can't speak to the validity of their system since I don't use it. But I like the concept.

On the other hand, I don't see a book listed on their website. Might be part of the material you can get from them or one of their licensees.

[Stevecsd]

There is one HUGE assumption with this philosophy. And that is the money you invest is invested wisely. One of the mortgage brokers I work had a couple who followed the "missed fortune" philosophy (which is similar to this.) They hooked up with a "financial advisor" who mortgaged their home to put the money into "investments". The investments failed, and the couple had to declare bankruptcy and lost their home.

If you do this, you had better put the money into solid, conservative investments.

[SPIVALAW]

There is one HUGE assumption with this philosophy.

If you do this, you had better put the money into solid, conservative investments.

No such thing.

[isohunter]

I have been trying to undergo this kind of paradigm shift. It's hard because it goes against the grain of what everybody taught you about money.

The main point of this document is to maximize your leverage at all times. There is no leverage in a fully paid off preoperty, unless you refi.

[Dan Auito]

The wife loves the piece of mind that comes with it, otherwise I'm all for the leverage as well!