Joe Sugg

Advocating for Christian business owners and accredited investors to integrate Faith | Family | Freedom values with their God given purpose.

[Joe Sugg @joesugg]

It has been stated multiple times in the comments that you actually make an extra payment each year which does change the average monthly payment.

Beyond that, the risks of paying an extra payment this way far out way the benefits of “saving” $47,000 in interest.

Frankly, there are just better ways to pay off a mortgage fast if that was someone’s goal… but first let’s talk about just a couple of the risks…

1) when you pay extra into an equity position it actually makes the… wait for it… BANK SAFER! Let me explain… as long as you are able to make the payments each month then the math works out as mentioned. However, if something happens to your income source and changes your economic situation the bank will not apply past extra payments to current payments. In fact, the more equity that you have the more likely that they will go faster to foreclosure. What many don’t know or talk about is that foreclosure is expensive for the bank. However, if you have more than 20% equity then there is enough for them to recoup that expense… and yes, if any extra is left you would get it but that is not part of their equation… they would rather fire sale and cover the loan balance than hold out for top dollar so you can get your “equity”

2) Every time you put capital to work you simultaneously pay an opportunity cost. Many believe that it’s a good investment decision to pay down a mortgage. In reality, equity makes a zero return on its face (real estate appreciates or depreciates regardless of loan balance) therefore, you have to take your interest expense on the extra payment (reduced by the tax write-off if you take that on your filings each year) and that gives you the net savings by paying it down. This is simple interest but compare that to your alternative investment opportunity including the compounding effect of the investment and even if you wanted to pay off your entire house investing would likely allow you to pay it faster by holding until there was enough to pay off the mortgage in a lump sum… as an added benefit, you have the cash on hand in case your income is impacted for a period of time preventing you from losing your home and allowing you liquidity to weather the storm.

Better ways to pay off your mortgage (off the top of my head… if that is even the right thing for you to do)

1) as stated briefly before… invest in something that is stable and can outperform (or create positive arbitrage) the expense of the current mortgage liability.

2) get a second position line of credit that allows you to deposit your paychecks and write checks out of it… all expenses go on a credit card and you pay it off at the end of the month… when your balance gets low on your LOC then write a check for close to the entire LOC credit line and continue the process of depositing and paying out of your new “checking” account.. do away with your existing bank account that’s not paying you. The reason this works (in spite of being a higher interest rate) is that you are deploying your cash flow in a way that keeps you from paying interest on any cash that is not being used yet. So instead of the bank getting to leverage your deposits you take back control.

3) get a first lien line of credit like an “All in One” Mortgage. This allows you to do the same thing as #2 it’s just simpler management… I believe you can go up to 80% LTV on a personal residence and 75% on an investment property.

So many more risks and ways to get cash flow more efficient but most won’t even read what I already laid out.

[Joe Sugg @joesugg]

I’m not sure it has nothing to do with rates… it’s a combination of mortgage and tax rates, real wages, and purchase price all together impact supply and demand. If there aren’t enough people that can afford the payment for the number of properties on the market then the demand is going to go down until interest rates adjust lower, prices adjust lower, or income for enough people go higher that demand goes up.

[Joe Sugg @joesugg]

@aschwags3 GA

[Joe Sugg @joesugg]

@EbianTheDog @DisgracedProp Yes, there is a lot of push back on the Amphitheater noise from a few very loud neighbors on Nextdoor.

[Joe Sugg @joesugg]

@unusual_whales The dirty secret is that 70% of Realtors sell fewer than 5 homes every year.

[Joe Sugg @joesugg]

@VladTheInflator The people in green will expire and hand it down to the red. The people in red will sell them at a discount and reset the market or hold on and rent them out. Historically, most are liquidated.

[Joe Sugg @joesugg]

@DallasAptGP Great breakdown on how Opportunity Zone Investing works and love the combination with a Cost Segregation study.

[Joe Sugg @joesugg]

Content without Context causes chaos.

1: Jesus literally NEVER staged a protest in the temple. The story referenced of “flipping some tables… and drove out the folks pretending to be holy” is being presented out of context. To fully understand the text and the context requires actually studying scripture rather than trying to take a sound bite to push an agenda. The accounts can be found in Matthew, Luke, and John https://t.co/x7659RCLpq

In these passages, Jesus arrived on the Temple grounds and found merchants selling doves etc., These verses and accounts do not specifically address the context but Jesus does reference that the house of the Lord is a house of prayer rather than a place of business or den of thieves depending on the account.

Culturally, when the Children of Israel would travel to the temple from their lands to give their Tithes, Offerings, and make sacrifices they would often sell what they had near their home for money and then repurchase them in the market close to the storehouse or temple.

Somewhere along the way, business minded people determined that it was a good idea to just set up vendors in the outer courtyard of the temple (the parking lot). The passage doesn’t say specifically, but scripture references the heart needing to be in the right place and with Jesus’ reference to the merchants turning the temple into a business center rather than a house of worship … the heart appears to be to manipulate and rob people coming to worship.

The original post makes it out like Jesus was setting up a protest in the temple to justify people disrupting a church worship service. This is a misunderstanding of the context of scripture if I were to be kind in my assessment of their intent… but more likely their interpretation is a manipulation of scripture to misguide.

2: Pam Bondi never said the quote attributed to her in the meme and Fox News did not create the graphic / meme. This is a complete fabrication intended to create division and stupid comments on every side of the issue.

If you are reading this, dig deeper into what is right on hot topics rather than looking for “news” misinformation or social media posts that make you feel like you are right. Get clarity even when the truth conflicts with your beliefs because a confused mind is easy to control and you deserve better.

[Joe Sugg @joesugg]

I had a great time speaking last weekend at the @csuitenetwork event. @JeffreyHayzlett and his team are complete class acts. I look forward to future opportunities to work together.

Thank you @pilotspeaker for the connection.

[Jeffrey Hayzlett @JeffreyHayzlett]

It rained money at the @csuitenetwork Speaker Showcase! Corporate business keynote speaker @JoeSugg threw $10K up into the air, & about $1K of it got stuck up in the chandelier. Literally raining money (albeit it was prop money) but nonetheless sure did look real. It's going to be interesting to see the cleaning crew when they find $1K of fake money up in the ceiling!

[Joe Sugg @joesugg]

This was a powerful weekend with incredible thought leaders from around the world. Thank you @JeffreyHayzlett for your leadership!

[Jeffrey Hayzlett @JeffreyHayzlett]

Thought leadership is critical for business -- @csuitenetwork Thought Council is leading the way for trusted leadership.

[Joe Sugg @joesugg]

This story really needs to be understood in a deeper way. The economic impact to the Kingdom through tithe teaching and other financial teaching in the church is catastrophic.

We have created a system that does not empower the people God has positioned with tremendous provision for the Kingdom while simultaneously not serving the ministries or ministers.

After spending the past 25 years pursuing Kingdom finance… the unfortunate reality is that more pastors would rather argue their traditional position to prove they are right than there are pastors who genuinely want to know what’s right.

[Joe Sugg @joesugg]

@iamrjknight Well said… this is one of my greatest disappointments in church leadership circles. It instantly quenches the spirit.

[Joe Sugg @joesugg]

@DannyPhantom24 That’s really amazing that Dak didn’t even get a vote.

[Joe Sugg @joesugg]

@Biblicalman What’s your definition of charity? Content without context creates confusion.

Separate note, I’m sorry you had that experience. There are definitely some that hide there judgement behind a banner of “justice”…

[Joe Sugg @joesugg]

@dalepartridge Horrible advice that will hurts a lot of people when followed.

[Joe Sugg @joesugg]

@ryanburge @NancyRPearcey That’s interesting data… it’s going to get worse if churches continue to follow tradition rather than sound theology based on scripture in context. The disillusionment created by pastors not speaking truth is real for many.

[Joe Sugg @joesugg]

More broken people teaching broken theology that keep the Kingdom broke… but just out of curiosity which tithe do you prescribe to?

If you were to be honest with your messaging then there would be 3 “Tithes”. The levitical tithe would go to the Levites storehouse and then a tenth of that would go to the tabernacle… which no longer exists…

The Festival Tithe would come annually for the gathering of the Children of Israel…

The Poor Tithe every three years would either be left at the edge of the givers property or at the market.

Which of course, the actual tithe was never money. It was 10% percent of the increase in livestock and vegetable harvest. Only land owners were to pay it since they were the ones that had the resource.

Finally, the levitical people were collecting the tithe because it was their portion of the promised lands since God kept them unto himself. They weren’t out double dipping and leveraging their position to not only demand a tenth but also compete in the marketplace.

With all of that said, there is a need for legitimate ministry to be supported. Pastors are often under paid and the entire system disincentivizes honest teaching of how money works. It’s unfortunate because we are in the midst of the greatest wealth transfer in the history of the world and the church is going to miss the vast majority of it if they do not stop sabotaging themselves with this kind of poor stewardship teaching.

There are solutions and I would love to discuss if you are interested.

[Joe Sugg @joesugg]

@JoshuaBarzon Tithing, You can’t out give God… manipulation of the generosity message that causes poor stewardship.

[Joe Sugg @joesugg]

@EricLDaugh @pulte It’s an interesting idea. It does make me wonder how the bank is able to provide the same terms on a new property if the underlying borrowing rates that the bank has to pay have changed since the original loan.

[Joe Sugg @joesugg]

@MLFootball @LawsNation @ScooterMagruder @DezBryant @mtag1993 @tx_princess78 @Spoonie881 Eberflus