Friday, November 16, 2007
How to pay off your house in 2 years
A few months ago, I heard something on the radio that got me to thinking. It was a guy talking about how to pay off your house in 2 years no matter how much you owe. After hearing this I was kinda scratching my head because he never got around to telling the "big secret" on paying off your house in 2 years. This kinda bull crap has me shaking my head every time I hear stuff like this. I mean... really how stupid can you be. Lets say you bought a house around 250,000. Ok now, if you pull out your calculator and do some figuring on how much the monthly payment would be on a house that cost that much, you will find that you need to have really good income coming in. Ok.... that's just on making the monthly payments. I'm not even gonna get into the expense of gas to commute, food etc. What I am getting at is just how in the cotton-picking world are you gonna pay off your house in 2 years and still buy what you need to survive. Think about it a little bit. There is no magic trick (that I know of) that will pay off your house in 2 years, however.... I do believe there are people out there that can help you get out of credit card debt and other smaller debts that can easily occur but paying off your house in 2 years has me a little stumped. Lets be realistic here shall we, if you want to pay off your house in 2 years then you need to be able to come up with a huge sum of money so your payment on the 24th month will pay off the remaining balance. If you don't like that idea then you can figure up how much your payment would be each month for 2 years and pay it off that way. I can't think of any other way. I think it's kinda funny really, these radio commericals will get close to the point of the "big secret" and then say... if you act know and pay by credit, you will receive 10% off and get the "it's easy to stay out of debt " book free of charge. Oh and they will probably throw in something like" Mr. so-n-so has received numerous awards for helping people with there finances" so don't wait. Then following that.... some super fast voice is blurting out something that you are not suppose to understand and then there you go... you are now able to order your copy of how to pay off you house in 2 years while you have to charge your credit card to get this so called lecture on how you spend your money. It doesn't sound like your getting out of debt when you have to charge your card to purchase a tape recording or DVD of someone saying.... you just have to be smart with you money... you have to ask yourself .... do I really need this. Let me say this again, there are people out there that can help you chop your debt down. I'm not knocking that at all. What I am knocking is the fruit cake out there that thinks he can help you pay off your house in 2 years when your income in 2 years doesn't come close to the price of your house. Maybe I'm the stupid one.... but I really don't think so. If you know how then please... by all means, let me know. I'll be all ears.
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