[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2qlkbb7qxoeq8":3,"$ffeh0925h8cuz":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},1144,"millionaire-to-millennials-owning-your-home-can-help-you-retire-sooner","Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!","In a CNBC \u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2018\u002F03\u002F09\u002Fdavid-bach-buying-a-home-can-help-you-retire-early.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that: “\u003Cem>Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.\u003C\u002Fem>” ","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26115322\u002F20180806-Share-STM.jpg","In a CNBC \u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2018\u002F03\u002F09\u002Fdavid-bach-buying-a-home-can-help-you-retire-early.html\">article\u003C\u002Fa>, self-made millionaire David Bach explained that: “\u003Cem>Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.\u003C\u002Fem>” \u003C!--more-->\r\n\r\nBach suggests that homebuyers should, \u003Cem>“Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.”\u003C\u002Fem>\r\n\r\nHow does he suggest you do this? \u003Cstrong>Here’s the secret:\u003C\u002Fstrong>\r\n\u003Cblockquote>\u003Cem>“…If you were paying $1,000 a month, now you're going to make $1,100 payments every month. Inform the bank that you are doing this and that you want the extra $100 a month to be applied to the principal (not the interest).\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What will happen to your mortgage?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBach explains that, \u003Cem>“If you keep this up, you'll wind up paying off your 30-year mortgage in about 25 years. Increase your monthly payment by 20 percent, and you'll have that mortgage retired in about 22 years.\"\u003C\u002Fem>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – buy a home and pay off your mortgage early so that you can retire sooner with the money you will have saved!\r\n\u003Ch4>\u003Cstrong>Who is David Bach?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBach is a self-made millionaire who has written nine consecutive \u003Cem>New York Times\u003C\u002Fem> bestsellers. His book, \u003Cem>“The Automatic Millionaire,” \u003C\u002Fem>spent 31 weeks on the \u003Cem>New York Times\u003C\u002Fem> bestseller list. He is one of the only business authors in history to have four books simultaneously on the \u003Cem>New York Times, Wall Street Journal, BusinessWeek \u003C\u002Fem>and\u003Cem> USA Today \u003C\u002Fem>bestseller lists.\r\n\r\nHe has been a contributor to NBC’s \u003Cem>Today Show,\u003C\u002Fem> appearing more than 100 times, as well as a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS. He has also been profiled in many major publications, including the \u003Cem>New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, Washington Post, \u003C\u002Fem>the\u003Cem> Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, \u003C\u002Fem>and\u003Cem> Forbes.\u003C\u002Fem>","\r\nWhenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – buy a home and pay off your mortgage early so that you can retire sooner with the money you will have saved!\r\n\u003Ch4>\u003Cstrong>Who is David Bach?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBach is a self-made millionaire who has written nine consecutive \u003Cem>New York Times\u003C\u002Fem> bestsellers. His book, \u003Cem>“The Automatic Millionaire,” \u003C\u002Fem>spent 31 weeks on the \u003Cem>New York Times\u003C\u002Fem> bestseller list. He is one of the only business authors in history to have four books simultaneously on the \u003Cem>New York Times, Wall Street Journal, BusinessWeek \u003C\u002Fem>and\u003Cem> USA Today \u003C\u002Fem>bestseller lists.\r\n\r\nHe has been a contributor to NBC’s \u003Cem>Today Show,\u003C\u002Fem> appearing more than 100 times, as well as a regular on ABC, CBS, Fox, CNBC, CNN, Yahoo, The View, and PBS. He has also been profiled in many major publications, including the \u003Cem>New York Times, BusinessWeek, USA Today, People, Reader’s Digest, Time, Financial Times, Washington Post, \u003C\u002Fem>the\u003Cem> Wall Street Journal, Working Woman, Glamour, Family Circle, Redbook, Huffington Post, Business Insider, Investors’ Business Daily, \u003C\u002Fem>and\u003Cem> Forbes.\u003C\u002Fem>",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up",{"id":29,"name":30,"slug":31},53,"Rent vs. Buy","rent-vs-buy","2018-08-06T10:00:17Z","2018-07-26T14:28:48Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},1143,"home-buying-myths-slayed-infographic-3","Home Buying Myths Slayed [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26111758\u002F20180803-Share-STM.jpg","2018-08-03T10:00:52Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},1145,"5-reasons-to-hire-a-real-estate-professional-before-entering-the-market","5 Reasons to Hire a Real Estate Professional Before Entering the Market!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F07\u002F26121007\u002F20180807-Share-STM.jpg","2018-08-07T10:00:10Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[51,55,56,60,64,68,72,73,77,81,82,86,90,94,98,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":57,"name":58,"slug":59},6,"For Sellers","sellers",{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":69,"name":70,"slug":71},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":78,"name":79,"slug":80},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":29,"name":30,"slug":31},{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]