Let's say for your average joe, paying it off faster costs an extra $200/fortnight, let's say you pay the minimum and invest that "extra" $200 in the markets at an average of 7%.
After taking into account interest how does this make sense?
repayments at 30 years mortgage = $1044/fortnight
repayments at 20 years mortgage = $1266/fortnight
Extra $222 per fortnight
$222 invested per fortnight for 10 years @ 7% =
$53,280 put it
$77,150 total
-
Interest paid over 30 years = $416,227
Interest paid over 20 years = $259,139
Extra 10 years of paying mortgage off results in an extra $157,088 in interest paid.
Sure you'll have $77k in the markets after the 10 years but youll be paying an extra 100k+ in interest.
Let's say for your average joe, paying it off faster costs an extra $200/fortnight, let's say you pay the minimum and invest that "extra" $200 in the markets at an average of 7%.
After taking into account interest how does this make sense?
repayments at 30 years mortgage = $1044/fortnight
repayments at 20 years mortgage = $1266/fortnight
Extra $222 per fortnight
$222 invested per fortnight for 10 years @ 7% =
$53,280 put it
$77,150 total
-
Interest paid over 30 years = $416,227
Interest paid over 20 years = $259,139
Extra 10 years of paying mortgage off results in an extra $157,088 in interest paid.
Sure you'll have $77k in the markets after the 10 years but youll be paying an extra 100k+ in interest.
Future Catalysts For $COSMIC
Right now is a really interesting time for $COSMIC, they are right at the doorway to breaking out into having a live product and a user base.
Over the next few months, we should be watching for their physical devices launched & their app.
Node operators can list themselves in the marketplace and set an hourly rate that they want to charge for their internet.
Users looking for a connection can then scroll this marketplace and select which node they want to utilize based of their location and internet speed.
๐ The P2P Marketplace
This is the aspect of $COSMIC that I find interesting and really sets it apart from traditional VPN services.
And that is the marketplace, where users select which nodes to utilize as their dVPN.