Episode 92: Pay Your 30-Year Mortgage in 5-7 Years on Your Existing Level of Income with Jordan Goodman

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My Guest on the Show…


Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.

Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy

Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.

Now, I am sure you’re waving red flags, and you definitely should be. I was too.

Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.

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Mentioned in this Episode


Money Answers

Master Your Debt by Jordan Goodman


What is a HELOC and How Does it Work?

Awesome Money Course


Show Notes

What is the mortgage optimization strategy [2:41]

15 vs 30 years does NOT double your payment! [5:34]

Mortgages are people’s biggest debt [6:32]

Strategies to pay off your mortgage faster [7:55]

Paying it off in 5 years with equity optimization [9:19]

The three things you need for this strategy to work [14:25]

An example [18:28]

You have to have discipline [24:21]

You can use this on commercial properties too! [33:47]

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

One Comment

  • Chris, I think there are a few things not addressed. #1 you still have to pay off the HELOC loan. #2 most HELOCS are variable interest rates. #3 if something unexpected happens and you are unable to make your payment they are able to take your home as recourse. These things concern me. Thank you for your response


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