Trump has proposed bringing back ultra-long mortgages — including a 50-year option — as a way to make housing more affordable. But would stretching a loan over half a century really help? In this episode, we break down the real math behind the idea. You’ll learn why a longer mortgage term might look affordable month to month, but could cost you hundreds of thousands of dollars more over time. We’ll cover: · Why home prices have stayed high even after the pande...
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Trump has proposed bringing back ultra-long mortgages — including a 50-year option — as a way to make housing more affordable. But would stretching a loan over half a century really help? In this episode, we break down the real math behind the idea. You’ll learn why a longer mortgage term might look affordable month to month, but could cost you hundreds of thousands of dollars more over time. We’ll cover: · Why home prices have stayed high even after the pande...
Episode 178: A Practical Guide to Dividing Your Income: Needs, Wants, and Savings
The Grow Your Wealthy Mindset Podcast
19 minutes
2 months ago
Episode 178: A Practical Guide to Dividing Your Income: Needs, Wants, and Savings
Have you ever wondered how much you should be spending on housing, groceries, cars, or fun? This episode breaks down how to create a realistic and values-based spending plan that fits your lifestyle and financial goals. Whether you’re creating your first spending plan or re-evaluating where your money goes each month, this episode will help you understand how to balance your spending between needs, wants, and savings—and how to adjust that framework to fit your own circumstances. You’ll learn...
The Grow Your Wealthy Mindset Podcast
Trump has proposed bringing back ultra-long mortgages — including a 50-year option — as a way to make housing more affordable. But would stretching a loan over half a century really help? In this episode, we break down the real math behind the idea. You’ll learn why a longer mortgage term might look affordable month to month, but could cost you hundreds of thousands of dollars more over time. We’ll cover: · Why home prices have stayed high even after the pande...
