Dave Ramsey is WRONG! Why You Shouldn't Pay Off Your Mortgage Early - With George Gammon
Jason Hartman explains why Dave Ramsey is wrong about paying off your mortgage early and why you should pay it off as slowly as possible to take advantage of inflation.
0:00 Introduction
1:52 Ways US can get out of its debt problem
2:45 The government could default
3:28 The US could sell off assets
5:23 Government could inflate away debt
6:19 Inflation induced debt destruction
7:24 Inflation is a hidden tax
12:12 Buying a house in 1972 for $18,000
13:09 By 1984, a dollar was worth $0.40
15:22 Why you shouldn't pay off a mortgage early
17:09 The effective interest rate was 1.06%
18:07 Tax benefits lower the effective interest rate further
20:10 How does real estate perform in an economic collapse?
23:08 Income property is multi-dimensional
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https://www.youtube.com/watch?v=YRSzeOjUo4M