New to this Space just a guy from Aussie land learning how to create wealth and relationships just here for conversations, real news and comedy stay happy
$625k home
20% down-payment
$500k mortgage
With a 6% interest rate and a 30-year term, you are paying $579,190.95 in interest.
The $625,000 house cost you $1,204,190.95.
This is equal to a $3,345 monthly rental payment, plus you pay for maintenance and repairs.
Houses cost so much because people can borrow money that's created with the press of a button to buy them.
If everyone had to pay in cash for their home, prices would drop significantly.
Most people think mortgages are designed to help them.
But NO.
Mortgages are designed to earn profits for banks.
We’re not Bitcoin tourists at VanEck. We’re in it for the long haul. That’s why we made an initial $10k donation and signed a pledge to donate 5% of our Bitcoin ETF profits (if approved) to support Bitcoin Core devs @bitcoinbrink for at least 10 years. Your tireless dedication to decentralization and innovation is the cornerstone of the Bitcoin ecosystem, and we're here to support it—more details to come.
Looks like a slow bleed out, the worst kind. Price action looks like it's going to recover at any point on shorter time frames but we're actually down trending on the larger TF's. That's what it looks like to me for now.
Let it all out, $BTC, if you need to, my followers and I are trained dip buyers, patiently waiting to scale back into our contract swing longs when you settle down 👀👀
What the rich don't want you to know:
• Pay yourself first
• Start a side hustle
• Eliminate bad debt
• Invest early & often
• Don't drive your wealth
• Buy assets, not liabilities
• Spend less than you earn
• Take advantage of the tax system
This is how you get ahead.