Since posting my first video “How to pay off a 30 year mortgage in 5-7 years” many have reached out to me directly or asked me in the comments these 6 questions repeatedly -

1. How do you pay for your mortgage/student loan/car loan using a credit card?
2. What happened to the credit card interest?
3. Why not use your savings to pay off your credit card and/or car loan then reduce how much money goes into savings and have the same amount going towards the principal paydown directly without the hassle of having to deal with a line of credit it is much safer and for emergencies I don’t carry any balance on my credit card and if I do need access to money I can access my credit card then?
4.Why not save up the $12K over the 6 months in a savings account let it grow interest and pay more off and not have to pay interest on a line of credit?
5. Where did I learn this?
6. If I live paycheck to paycheck and do not have any savings will this work if I make less than $5k/month?

Watch my video to get the answers and to better understand why a line of credit beats using cash or savings when it comes to paying off loans.

► Financial Literacy/Real Estate Investing Course - Please email me at [email protected] for more information.

► Link to the credit card spreadsheet- https://docs.google.com/spreadsheets/...

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DISCLAIMER: I (Laura Pitkute) am not a financial advisor, real estate broker, a licensed mortgage broker, not a certified financial planner, not a licensed attorney, and not a certified public accountant, therefore please consult with a competent professional prior to engaging in any financial strategies.