“Verbatim

“At 5.3% for a 30-year mortgage… $1 million mortgage is a $2 million repayment… if the bank of mom and dad gives you $100,000 you only need a $900,000 mortgage… you saved $200,000”

Simon Kirstenmacher · Demographics Decoded - Unveiling the trends shaping your future · The 12 Stages of Life: What Your Age Reveals About What Comes Next

Play from 15:16
15:16

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What was described

encourage families to give $100,000 to children to reduce mortgage principal from $1 million to $900,000, saving $200,000 in interest

5.3% interest rate, $1 million mortgage, $100,000 gift, $200,000 saved

Said nearby on the same subject

“Offset account… loan limit minus what you've got in your offset account… $500,000 loan, $100,000 in savings… charged interest on $400,000”
PN
Pat Noll
Equity Mates Investing Podcast ·
How they work $500,000 loan, $100,000 in offset → interest charged on $400,000 Share this moment
“Debt recycling… $500,000 non-deductible mortgage, got 50K in savings… split it… now $450,000 and $50,000 and then go invest the 50K into shares… now you have $450,000 non-deductible debt and 50,000 tax deductible debt”
PN
Pat Noll
Equity Mates Investing Podcast ·
How they work $500,000 non-deductible mortgage, $50,000 savings → split to $450,000 … Share this moment
“They go in and pretend to be traffickers… How much does it cost them to free a child? Anywhere probably from $12,000 to $50,000… I’ll give you $100,000 if you’ll get me 10 children out of slavery.”
♫
Said on Tony Robbins Podcast Daily
Why it worked $12,000-$50,000 per child rescue; $100,000 for 10 children Share this moment
“You can fund your long-term care needs with 100,000, 200,000, and the long-term care carrier will match your 100,000 or 2,000 with the multiple of sometimes one-to-one, sometimes two-to-one, sometimes three-to-one”
CN
Clarence Napier
Insurance Broker and Consultant Supporting Business Owners ·
Why it worked $100,000, $200,000, $600,000 Share this moment

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