Lightning or Lotto?

Welcome to November! Apparently in my office, the passing of Halloween signals the arrival of the Christmas season because the tree went up November 1st. I have been subjected holiday carols since last week. Ouch! One of the greatest gift you can give yourself is a home that is free and clear. This is likely not going to happen by magic so below is an excellent article about the paying your mortgage down faster. Imagine it's 2007 and pay your mortgage like that. You'll be amazed at your savings. A survey was done this week by Credit Canada Solutions and Capital One that found that nearly 18% of people include lottery winnings and inheritances as a part of their financial plans. This is a pretty disturbing fact since you have a better chance of being struck by lightning than you do of winning the lotto. I supposed I should not completely rule out lotto as a financial plan since my client did win $100,000 a few weeks back but, as a financial strategy, I suggest simply saving 10% of all your income for retirement. Who do you know that is considering a home purchase but not sure where to start? Call me for a complimentary and no obligation mortgage assessment.