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Mortgage Freedom

by Katherine - 1 Comment(s)

Do you know when you’ll be free of mortgage payments? For me, it’ll be in about 13.9 years - but, who’s counting?

I’m working hard and saving money, because I know that the more I save while I’m young, the more years I’ll be able to collect compound interest. And, if I pay more than the minimum mortgage payment – even just a bit more – I can substantially reduce the number of years I’ll have to pay. Just a few adjustments can make a huge difference to your financial future.

If you’d like to ensure that your mortgage is working for you, instead of vice versa, then check out Mortgage Freedom: Retire House Rich and Cash Rich, by Sandy Aitken. A lot of popular titles are written for American audiences, but this new book is written especially for Canadians. Learn how to use the equity in your home to invest in products that earn you more money.

Whether it’s “Freedom 55”, “Freedom 65” or even “Freedom 35” (hey, it’s free to dream, right?), the Calgary Public Library has resources to help you accomplish your financial goals. Check out your local branch, today!


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by Brian Poncelet, CFP
High fees, problems with CRA is just a short list. For the full debate go to TDMP is it worth it? For lots of thoughts on this subject.

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