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03-13-2007, 09:03 PM
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#15
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Ever hear of...
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Senior Mommysavers Member & Approved Trader
Last Online: 07-17-2008 12:04 AM
Join Date: Jan 2007
Location: Long Beach, CA
Posts: 204
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Wealth Without Risk by Charles Givens? This was my first book that got me hooked on personal finance. Some topics include how to pay off your mortgage early and save on interest, how to save on insurance, how to build up credit wisely etc...
I just have to say about the mortgage payment--I learned from him that if you look at your mortgage statements, you will see how much you pay on your principal and on your interest. Making extra payments on your principal will shorten your mortgage. Notice when you buy property or a car they have to disclose the total amount it will cost after making all the payments? On my $85,000 condo, I'd have paid a total of $125,936 after 15yrs. But I can shorten my mortgage by paying down my principal. And save thousands!
Sorry so long but I just had to share--this book is almost 17 yrs old and I've learned so much.
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