Financial Chaos | How Inflation RUINS Your Mortgage!

Owning a home is one of life’s great ambitions. In this country, It’s so much more than just owning a property — it symbolizes or at least used to symbolize years of hard work, security, and settling down. It is estimated that over 44% of Americans have a mortgage, and mortgage rates are close to the lowest levels in history. In today’s video, we examine something that may surprise you in regards to inflation and mortgages, something that breaks the ordinary level-headed line of thinking when it comes to massive debits, which are supposedly meant to be paid off as quickly as possible. To understand where I’m headed we first have to examine one of my favorite internet finance gurus, Dave Ramsey. If you had listened to Dave and his principles over the last 20 years, you would undoubabley be much more financially secure than listing to almost every other finance expert in the world. He promotes simple healthy principles to live by and looking at his baby steps program you can see exactly the way this philosophy is structured. Paying off debt, accumulating an emergency fund, and building a retirement balance that puts you and your family into a stress-free life where you control your own destiny.

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