Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

Would you pay $10,000 for MORTGAGE?! 😱

5 Apr 2024 · 0 min

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0:06

Short excerpt from a YouTube video (hosted by Mike Andes) discussing the consequences of a $10,000-per-month mortgage. Speakers debate where money comes from, how large mortgage payments create personal overhead and reluctance to invest in business, and the idea that higher income can be offset by higher spending leaving one effectively "dirt poor."

$10,000 mortgage payment. It's my reluctancy to want to invest the money into the business. We got a lot of overhead personally.
$10,000 per month for a mortgage? Where's the money coming from?
And honestly, even if you're making good money, you can still.
Be dirt poor.
If you spend every single dollar. And the more money you make, the more money you spend. Guess what? You're still dirt poor.