Episode 010: Don’t be Duped by the 30 Year Mortgage

Posted Sep 15, 2016 | Updated July 29, 2019

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What if you woke up and you no longer had credit card debt? What if you were free from student loans and the cars in your garage we paid for? What would it feel like if you didn’t owe anyone a dime?

Better yet….What if you paid off the mortgage?!

In this week’s podcast episode, we are going to talk to about becoming ultra-fit with your finances. When I am talking about ultra-fit, I am talking about completing your first Iron Man Race (2.4 mile swim + 112 mile bicycle ride + 26.2 mile run back to back).

It’s an incredible feat alone when pay off your first credit card debt. Then, you get into better shape and you pay down the student loan and knock out the car payments. You’re feeling pretty amazing at this point and look to tackle your next debt…..and……uh-oh…

Holy Crap! It’s this giant mortgage!

This is where you get to separate yourself from the pretty-awesome crowd, to the you-got-to-be-kidding-me crowd.

—> They just paid off their mortgage…..you’ve got to be kidding me.

In today’s jaw-dropping episode, I am going to wow your socks off by showing you some simple things you can do right away to make a HUGE difference in the dollars you pay, the amount of time you pay it, and the amount saved while paying down the mortgage at lightning speed. This is the why didn’t anyone tell me this before lesson, and it’s starts right now!

The first step to solving your problems with money is to take back control of your money. This always starts with the Budget.

Download the Budget

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Thanks so much for listening to the Podcast.

(Now let’s knock that mortgage out early!)

-Chris Peach

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Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

One Comment

Millennial Moola September 16, 2016

Bankers get a big commission for selling people on 30 year mortgages over 15 year ones, and the realtors can get you to buy a larger house when the monthly payments are lower. So there are a bunch of reasons why these products get pushed on American families

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