robert klein
February 23, 2013

# Mortgage

#### robert klein

February 23, 2013

## Transcript

1. ### What we are going to do is go from a

general tax point of view to an overall point of view. What we are going to do is go from a general tax point of view to an overall point of view.
2. ### What we are going to do is go from a

general tax point of view to an overall point of view. This overall point of view will address where people spend their money, how they spend their money and why they spend their money. What we are going to do is go from a general tax point of view to an overall point of view. This overall point of view will address where people spend their money, how they spend their money and why they spend their money.
3. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses.
4. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows:
5. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) This will be best explained by taking a 35 year mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated)
6. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years This will be best explained by taking a 35 year mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years
7. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years 3. An explanation of why the financial services industry has never done this before This will be best explained by taking a 35 year mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years 3. An explanation of why the financial services industry has never done this before
8. ### This will be best explained by taking a 35 year

mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years 3. An explanation of why the financial services industry has never done this before 4. Finally, to determine if this could apply to you This will be best explained by taking a 35 year mortgage down to 12.9 years without increasing monthly expenses. There will be four parts as follows: 1. Introduction to Mortgage Math (not complicated) 2. An exact step by step example of how to take a 35 year mortgage down to 12.9 years 3. An explanation of why the financial services industry has never done this before 4. Finally, to determine if this could apply to you
9. ### If you have ever sat down with a financial advisor

or a person from a bank before, you may have heard something like this:
10. ### If you have ever sat down with a financial advisor

or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement If you have ever sat down with a financial advisor or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement
11. ### If you have ever sat down with a financial advisor

or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math If you have ever sat down with a financial advisor or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math Logarithmic math = The Curve Part
12. ### If you have ever sat down with a financial advisor

or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math Where this becomes interesting is within a persons mortgage If you have ever sat down with a financial advisor or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math Where this becomes interesting is within a persons mortgage Logarithmic math = The Curve Part
13. ### If you have ever sat down with a financial advisor

or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math Where this becomes interesting is within a persons mortgage If someone has a \$400,000 mortgage with a \$2000/month payment, the exact same logarithmic math is being used. (Notice similar curves) If you have ever sat down with a financial advisor or a person from a bank before, you may have heard something like this: If you put \$200/month into an RRSP for 40 years, it can grow up to \$1,000,000 dollars for your retirement This is possible because the math being used is logarithmic math Where this becomes interesting is within a persons mortgage If someone has a \$400,000 mortgage with a \$2000/month payment, the exact same logarithmic math is being used. (Notice similar curves) Logarithmic math = The Curve Part
14. ### The only difference is it’s in reverse which makes the

\$2000/month payment work against you Logarithmic math = The Curve Part
15. ### The only difference is it’s in reverse which makes the

\$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math The only difference is it’s in reverse which makes the \$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Logarithmic math = The Curve Part
16. ### The only difference is it’s in reverse which makes the

\$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  The only difference is it’s in reverse which makes the \$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  Logarithmic math = The Curve Part
17. ### The only difference is it’s in reverse which makes the

\$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  Let’s go through an example The only difference is it’s in reverse which makes the \$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  Let’s go through an example Logarithmic math = The Curve Part
18. ### The only difference is it’s in reverse which makes the

\$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  Let’s go through an example First step is to breakdown what an average family spends their money on. Let’s start with the mortgage and go from there: The only difference is it’s in reverse which makes the \$2000/month payment work against you The entire financial services industry has focused on what to do with your \$200/month investment and never questioned what to do with your \$2000/month mortgage payment even though it’s the same math Tax Planning Centre did  Let’s go through an example First step is to breakdown what an average family spends their money on. Let’s start with the mortgage and go from there: Logarithmic math = The Curve Part
19. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month
20. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month
21. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP
22. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month \$300,000 mortgage at a 5% interest rate and will be paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance
23. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month \$300,000 mortgage at a 5% interest rate and will be paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments
24. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month \$300,000 mortgage at a 5% interest rate and will be paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments
25. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments Overall they are spending \$2464/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month \$300,000 mortgage at a 5% interest rate and will be paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments Overall they are spending \$2464/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
26. ### \$300,000 mortgage at a 5% interest rate and will be

paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments Overall they are spending \$2464/month Second step is to determine a New Payment and Free Up as much money as possible. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month \$300,000 mortgage at a 5% interest rate and will be paying for 35 years. Monthly Payment is \$1514/month. \$200/month into an RRSP \$20,000 in RRSP savings \$200/month into Universal Life insurance \$20,000 Car Loan with \$400/month payments \$5000 Credit Card with \$150/month payments Overall they are spending \$2464/month Second step is to determine a New Payment and Free Up as much money as possible. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
27. ### Inside of a mortgage it is possible to tell the

bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
28. ### Inside of a mortgage it is possible to tell the

bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month Inside of a mortgage it is possible to tell the bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
29. ### Inside of a mortgage it is possible to tell the

bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Withdrawal of \$222/month for 10 years until all of your RRSP’s have been taken out Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month Inside of a mortgage it is possible to tell the bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Withdrawal of \$222/month for 10 years until all of your RRSP’s have been taken out Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
30. ### Inside of a mortgage it is possible to tell the

bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Withdrawal of \$222/month for 10 years until all of your RRSP’s have been taken out For a lot of insurance polices, after 2 to 3 years of contributing money, you can actually stop payment and the money inside of the policy will pay for itself for another 10 to 15 years. We no longer have to pay and we still keep the insurance. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month Inside of a mortgage it is possible to tell the bank that you only want to pay the interest and keep the principal amount for yourself. The interest payment on a \$300,000 mortgage is only \$1000/month. Stop contributing to your RRSP Withdrawal of \$222/month for 10 years until all of your RRSP’s have been taken out For a lot of insurance polices, after 2 to 3 years of contributing money, you can actually stop payment and the money inside of the policy will pay for itself for another 10 to 15 years. We no longer have to pay and we still keep the insurance. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month Credit Card \$5000 \$150/month Total \$2464/month
31. ### By refinancing the \$20,000 car loan with the bank, we

can drop the payment from \$400/month to \$67/month. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month Total \$2464/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month Total \$2464/month
32. ### 862 By refinancing the \$20,000 car loan with the bank,

we can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month
33. ### By refinancing the \$20,000 car loan with the bank, we

can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602 By refinancing the \$20,000 car loan with the bank, we can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602
34. ### By refinancing the \$20,000 car loan with the bank, we

can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  By refinancing the \$20,000 car loan with the bank, we can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602 
35. ### By refinancing the \$20,000 car loan with the bank, we

can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. We owe \$300,000 + \$20,000 + \$5000 = \$325,000 Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  By refinancing the \$20,000 car loan with the bank, we can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. We owe \$300,000 + \$20,000 + \$5000 = \$325,000 Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602 
36. ### By refinancing the \$20,000 car loan with the bank, we

can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. We owe \$300,000 + \$20,000 + \$5000 = \$325,000 Step 4 is to determine how long it would take \$1602/month to grow to \$325,000 dollars to be mortgage free Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 By refinancing the \$20,000 car loan with the bank, we can drop the payment from \$400/month to \$67/month. By refinancing the \$5000 credit card with the bank, we can drop the payment from \$150/month to \$17/month. Our total New Payment is \$862/month and our total Freed Up money is \$1602/month We have just freed up \$1602/month out of the air . Step 3 is to determine how much debt we owe. We owe \$300,000 + \$20,000 + \$5000 = \$325,000 Step 4 is to determine how long it would take \$1602/month to grow to \$325,000 dollars to be mortgage free Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000
37. ### If we went to Royal Bank and got a 4%

return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years
38. ### If we went to Royal Bank and got a 4%

return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years If we went to Royal Bank and got a 4% return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years
39. ### If we went to Royal Bank and got a 4%

return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. If we became very aggressive and invested it and got an 8% return, our mortgage would be paid off in 10.7 years. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years If we went to Royal Bank and got a 4% return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. If we became very aggressive and invested it and got an 8% return, our mortgage would be paid off in 10.7 years. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
40. ### If we went to Royal Bank and got a 4%

return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. If we became very aggressive and invested it and got an 8% return, our mortgage would be paid off in 10.7 years. Take a look at the rate of returns. Even though they range from 4% to 8%, the difference in time to pay off your mortgage has varied very little. Why? Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years If we went to Royal Bank and got a 4% return guaranteed investment certificate (GIC). This means that Royal Bank would guarantee it . Our mortgage would be paid off in 12.9 years. (versus 35 years) If we were more aggressive and invested it and got a 6% return, our mortgage would be paid off in 11.7 years. If we became very aggressive and invested it and got an 8% return, our mortgage would be paid off in 10.7 years. Take a look at the rate of returns. Even though they range from 4% to 8%, the difference in time to pay off your mortgage has varied very little. Why? Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
41. ### The real money is not from the rate of returns,

its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
42. ### The real money is not from the rate of returns,

its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years The real money is not from the rate of returns, its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
43. ### The real money is not from the rate of returns,

its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Is there more? Yes there is  Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years The real money is not from the rate of returns, its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Is there more? Yes there is  Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
44. ### The real money is not from the rate of returns,

its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Is there more? Yes there is  After paying off your debts in 12.9 years, you still have the \$1602/month available and you also have the interest payment that you were paying to the bank available (1084/month). Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years The real money is not from the rate of returns, its from the ability to free up all of the money from all sources and to combine them together for one common goal... To accumulate a sum of money to pay off your mortgage. In this scenario we were able to take a \$325,000 35 year mortgage down to 12.9 years and have Royal Bank guarantee it. Is there more? Yes there is  After paying off your debts in 12.9 years, you still have the \$1602/month available and you also have the interest payment that you were paying to the bank available (1084/month). Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years
45. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month
46. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Or \$32,232/year for savings and you have no mortgage. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month or \$32,232/Year for savings and you have no mortgage Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month or \$32,232/Year for savings and you have no mortgage
47. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month or \$32,232/Year for savings and you have no mortgage You now have \$1602/month + \$1084/month = \$2686/month to do whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  \$1602/month \$325,000 @ 4% - 12.9 years @ 6% - 11.7 years @ 8% - 10.7 years \$1602/month + \$1084/month = \$2686/month or \$32,232/Year for savings and you have no mortgage
48. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages You now have \$1602/month + \$1084/month = \$2686/month to do whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
49. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Traditionally, most people held their licenses in the following combinations: Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages You now have \$1602/month + \$1084/month = \$2686/month to do whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Traditionally, most people held their licenses in the following combinations: Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
50. ### You now have \$1602/month + \$1084/month = \$2686/month to do

whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Traditionally, most people held their licenses in the following combinations: Insurance Only Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages You now have \$1602/month + \$1084/month = \$2686/month to do whatever you want with. Or \$32,232/year for savings and you have no mortgage. When we figured this out, it seemed very obvious and we wondered why no one in financial services ever clued into it. <The next 3 minutes will address this> The answer came from the nature of licensing in financial services. More specifically life insurance, mutual funds and mortgages. Traditionally, most people held their licenses in the following combinations: Insurance Only Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
51. ### yo Mutual Fund Only Current Payment New Payment Free Up

Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
52. ### Mutual Fund Only Insurance and Mutual Funds together Current Payment

New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
53. ### Mutual Fund Only Insurance and Mutual Funds together Mortgages Only

Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
54. ### Mutual Fund Only Insurance and Mutual Funds together Mortgages Only

If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Mutual Fund Only Insurance and Mutual Funds together Mortgages Only If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
55. ### Mutual Fund Only Insurance and Mutual Funds together Mortgages Only

If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills If you were licensed in mutual funds and you had to make a living, odds are you would sell RRSP loans and investment loans as most people do not have money to invest. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Mutual Fund Only Insurance and Mutual Funds together Mortgages Only If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills If you were licensed in mutual funds and you had to make a living, odds are you would sell RRSP loans and investment loans as most people do not have money to invest. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
56. ### Mutual Fund Only Insurance and Mutual Funds together Mortgages Only

If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills If you were licensed in mutual funds and you had to make a living, odds are you would sell RRSP loans and investment loans as most people do not have money to invest. In mortgages, you sold mortgages, fairly cut and dry. Mortgages are mortgages and the differences between them are minimal. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Mutual Fund Only Insurance and Mutual Funds together Mortgages Only If you were licensed in Life Insurance and you had to make a living, odds are you would have to sell universal life or whole life (expensive product) to pay the bills If you were licensed in mutual funds and you had to make a living, odds are you would sell RRSP loans and investment loans as most people do not have money to invest. In mortgages, you sold mortgages, fairly cut and dry. Mortgages are mortgages and the differences between them are minimal. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
57. ### Four to Five years ago, legislation changed allowing people to

hold all 3 licenses at once. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
58. ### Four to Five years ago, legislation changed allowing people to

hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
59. ### Four to Five years ago, legislation changed allowing people to

hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Four to Five years ago, legislation changed allowing people to hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
60. ### Four to Five years ago, legislation changed allowing people to

hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Because of this, we can show and implement what you have seen Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Four to Five years ago, legislation changed allowing people to hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Because of this, we can show and implement what you have seen Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages
61. ### Four to Five years ago, legislation changed allowing people to

hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Because of this, we can show and implement what you have seen Go to chat box when your finished and say hi Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages Four to Five years ago, legislation changed allowing people to hold all 3 licenses at once. Once this happened, it allowed the industry to become honest. This allowed our business model to change, we no longer have to derive revenue from the insurance and mutual fund sales. We can show people their real options and make all of our revenue from mortgages which they where already going to do anyways. Because of this, we can show and implement what you have seen Go to chat box when your finished and say hi Current Payment New Payment Free Up Mortgage \$300,000 \$1514/month \$1000/month \$514 RRSP contributions \$200/month \$0/month \$200 \$20,000 RRSP -\$222/month \$222 Universal Life \$200/month \$0/month \$200 Car Loan \$20,000 \$400/month \$67/month \$333 Credit Card \$5000 \$150/month \$17/month \$133 Total \$2464/month \$862/month \$1602  Insurance Mutual Funds Mortgages