We live in changing times and our thought process needs to adjust too. Getting on the path to having no more mortgage or other debt can be both simple and complex.

There are two things that are critically important to your financial future: eliminating your debt and building a retirement income that will allow you to live the lifestyle you deserve instead of just getting by, or worse, having to continue to work.

First, let’s talk about building retirement income. We aren’t living in the high interest rate environment we saw in the 80’s or 90’s where you could get high returns due to where the interest rates were sitting. When you’re investing and the rates are high it’s a lot easier to make money on your money. Now it’s much more difficult to find high returns.

Thanks (partially) to all of the controversies that have rocked Wall Street there is much less trust in the stock market. We’ve seen movement in the market in both directions, but it hasn’t gained much overall in the last few years. It’s going to take longer to build your retirement if you’re overly depending on the stock market, or investments in low interest rate products. That’s not to say you don’t want to have part of your portfolio in the market but you need to be realistic about your expectations there.

Something else you should be doing is making contributions to your retirement based on your expected needs. Far too many people base their contributions on how much they feel they can afford to take out of their paycheck, which is usually much less than it should be.

One of the only sure returns you will get on your investment is paying off debt. Debt is like a double negative for your finances. First, you are putting money towards a debt which you are paying interest on. Aside from your mortgage, you most likely are not able to claim a tax write off or credit for the debt either. The other thing to think about is the fact that the money you are paying towards debt could be going towards building up your retirement accounts. Those accounts would earn interest and then build the size of your retirement over time. So not only are you losing the opportunity to build your own retirement, but you are contributing to your creditors by paying them interest.

Paying the debt off as soon as possible can dramatically reduce the amount of interest you pay and often wipe out years of payments. In our program the average client with a mortgage can save over $100,000 and is often completely out of debt in around 9 years. Imagine how much faster you could build up a substantial amount of money if you were able to put the all of the money you pay out for debt each month towards you retirement instead. How much do you spend on your mortgage and your debt each month? $1000? $1500? $3000?

We’re living in a changing economic environment today. There is very little you can count on. You need to take control of your future and not let it be dictated by someone else. No one can foreclose on your home if you own it. And retiring with enough money to live on comfortably is much easier to attain if you focus on eliminating your debt and building your own future instead of your banks.

The reason we say above that you have to think a little differently now is that much has changed over the last few years and will most likely continue to change. You have to be more proactive in protecting yourself and building your retirement than in the past. We can help you address the debt which is critical if you are carrying a mortgage and additional debt on top of that. We’ve been helping our clients for over a decade and are ready to send you a resource that will help you determine what you can do to change your future for the better.

Learn more about eliminating debt by going up to the top of the page on the left and filling in the information to get your free audio CD.

Get on track to a life with no more mortgage or other debt payments and build a stronger, more solid financial future.

P.S. – Watch our short 2 minute NO MORE Mortgage video to learn more about our program.

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1. NO MORE Mortgage gives you a plan for your debt. What’s your plan today?
2. Are your emotions affecting your spending and building your debt?
3. Do you really know how much you owe on your debt?
4. NO MORE Mortgage: Budgeting Tips for New Budgeters
5. NO MORE Mortgage Tip – Are you keeping an eye on your spending?