For example, if you owe $300,000 on your mortgage but have $20,000 in your offset account, you’ll only pay interest on $280,000.
The yearly cost savings on this example would be $1300 at 6.5%!
#offsetaccount#personalfinance#wealth#financialfreedom#FIRE
What is a Mortgage Offset Account?
An offset account is a savings or transaction account linked to your home loan, designed to reduce the amount of interest you pay.
The balance in the offset account is subtracted from your loan balance when interest is calculated.
Interesting read about monetary debasement, dollar-adjusted historical index performance, and a hedge against central banks shifting more power into the hands of the few…at the expense of the many. #btc
Why does everything feel like the world is falling apart, yet the stock market has looked like this since 2009?
Well, here's a thread w/ some interesting charts that will help you understand: what you see is NOT what you get.
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We are witnessing a quiet revolution in Australia that has profound implications. So many of our best & brightest people in their 20’s are joining startups or founding their own company. It is such a significant change that has massive implications. I couldn’t be more excited.
Welcome to the FTX Team, Stephen Curry!
We're excited to announce he's become FTX Global Ambassador and a shareholder. Though, who better to announce it than @StephenCurry30 himself?!
...a hot market, more maturity of the entire crypto ecosystem, and good marketing. I'm bullish on $SOL, but will hold out of an entrance until a correction is had and more successful protocols are launched. L/T price prediction > $500 USD. Possibly >$1000USD
$ETH and $SOL simple line charts. IMO, SOL may continue to rise, but the exponential growth it's currently seeing will eventually be met with a significant correction. $SOL is actually outperforming $ETH significantly at this stage of its progression, which likely reflects..