So I'm watching CNBC and there's a show about retiring rich. As I listen, I feel like there's a lot of bad advice. There's this panel of 4 people that became successful in different ways, giving conflicting advice to the studio audience.
The ONE good thing that I heard was from a guy who was talking about changing mortgage payments to biweekly instead of monthly. You can call your bank and set something like this up. If you do this with a 30 year mortgage, you can pay off your mortgage in 23 years, instead of 30. So instead of paying $1000/mo (more like $3000, in CA), you can pay $500/bi-weekly.
Now that I'm working for New York Life and helping people with their retirement planning and insurance, I'm realizing that there's a lot of good stuff out there that people don't know about and a lot of bad stuff that people think is good. A lot of companies take advantage of people's ignorance instead of really trying to serve their clients. You can see it in the things that they put into their contracts, etc. I'm thankful that New York Life isn't like that.
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