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What she does is completely change her life and her family's life and habits by changing the brand they purchase to taking on 2nd jobs to living on one
spouses income and dumping every bit of "extra " money on the Mortg. Then she asks if we the listeners can come up with an extra $8000 per month to do this same plan she did... Honey if I could have an "extra" $8000 a month I wouldn't have bought your freggin book.
What she did is neither repeatable, nor probable.
I usually never write reviews I just hit the star rating I felt it was worth but this book was so unuseful I just had to write about it.
Don't get me wrong I'm glad and happy she and her family was able to pay their mortgage in 4 yrs and 1 month but honestly she could have written a 1 page essay instead of this book. Really 1 paragraph, no 1 sentence ... Saying:
Get a second job, stop spending money on anything that isn't a need, and pile ALL extra monies on your mortgage.
There I just did it for her.
Bottom line don't waste your money on this.
If you must buy it, email me I'll sell you mine.
7 of 7 people found this review helpful
What disappointed you about We Paid Off Our $375,000 Mortgage in Less than 5 Years!?
Knowledge is king. All you have to do is set up a 1st lien HELOC where you setup a direct deposit into. Ace your existing checking/savings account and setup your HELOC with the same capability of a checking account, automatic payments, debit card, etc. Schedule your bills to be paid at the end of the month to minimize the "simple interest" of the HELOC and you'll have your mortgage paid off in about 5 years (depending on your positive cash flow). In this way your money normally sitting idle in your checking/savings account will be working 24x7 towards reducing your principal balance. You don't need to change your budget at all (but if you do, you'll pay it off even faster). It's called the all in one loan (not really a loan but a HELOC). You'll save ten's to hundred's of thousands of dollars in interest, reduce your mortgage to 5 years, without changing your budget. You are attacking the ravages of compound interest. This is very popular in Australia and Great Britain!