Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Pay Off Your Mortgage Faster & Build Wealth | Bill Bloom

18 Mar 2025 · 1 min

Watch on YouTube

0:51

This YouTube interview features Bill Bloom giving personal finance advice focused on paying off mortgages and building wealth. In the provided excerpt Bloom shares his personal mortgage details: he bought a house for $850,000, currently has a 2.75% mortgage and owes $413,000 (he says he paid half off in three years after paying down the first 15 years), and plans to keep and rent the house if they move because it will cash-flow a couple thousand dollars per month. The clip illustrates his strategy of prioritizing investments that earn more than his low mortgage rate.

Questions this video answers

2.75%

$850,000

$413,000

Three years

Chapters

No personal debt. The thing is, for our house, I'll be very open and honest. Like, we have a 2.75% mortgage rate on our house. Our house was $850,000. We only owe 413,000 on it. So I paid half of it off in three years. All right, but we're only paying a small amount of interest because I've already paid down the first 15 years already. Half of it's gone. So it's not that big of a deal. I'm making a lot more money on my money versus a 2.75% mortgage. So that's where you want to be. And inevitably, if we ever move out of this house, we'll keep it and rent it because we can cash flow and make a couple thousand dollars a month.