Do NOT Pay Off Your Mortgage ⛔️

Do not pay off your mortgage. Warning: do not pay off your mortgage. If you're looking for financial freedom and retirement and a pension, you may believe the goal is for you to pay off your mortgage. This may not be the best thing to do, especially with some of the news in the markets and the economy right now, which I'm going to share with you. Now look, in the first place, you might not actually want to be a homeowner at this moment in time. House prices are relatively very high, wages are relatively very low. So if you don't yet own a home, you might want to look at investing in income-producing assets in property as opposed to actually getting your own home. I've done content on that. You can follow me on my page, you can see it all there. In fact, I did an episode yesterday which did really well. But here's why I'm going to suggest the goal should not be to pay off your own home if you have it, because the government are actually paying it off for you. Does anyone know in the comments how the government pays off your mortgage for you? First person to get it correct, technically, accurately, specifically correct, I'll give you a silver coin for fun. Um, and it is inflation, but It's not the answer I'm looking for, but the government are paying your mortgage off for you right now, and they're paying it off in quite big lumps. I'll also come back to that in a moment. So I get a lot of hate when I do lives around not paying off your mortgage, but there's news certainly coming from America that interest rates are going to drop. Now, we don't know what's going to happen. But it certainly doesn't seem that interest rates are going to sharply rise like they did post-lockdown. So if interest rates are relatively low, then your money and your repayments are relatively cheap. And do any of you have a fixed-rate mortgage? Let me know in the comments if you do, because it's only just, what, 4 years ago the interest rates were barely above zero. And so basically money was almost free. So if interest rates are 0.25% and you can get loans under 2% for property, you should be buying as much property as you physically can. In fact, now interest rates have gone up to kind of 5-ish percent, I bet you wish you bought more investment property. Because you could have all these investment properties on as long a term fixed rate mortgage as possible, paying 2%. Bearing in mind growth is 5 to 8% a year, and it pretty much has been since 1088, you would be really making decent money in income and in capital appreciation. Because as we all know, property prices are really high right now. So number 1, interest rates look like they're going to drop, and the lower the interest, the lower the cost of debt. The lower the cost of debt, the more debt you want. Good debt, by the way. I'm not saying buying depreciating cars or conservatories. I'm talking about mortgages and loans for appreciating assets and investments. Okay, the next big reason you don't want to pay off your mortgage is the government are paying it off. Now someone said inflation, that is true, but it's not the answer I'm looking for. So I'll see if anyone got it correct, I'll give you the silver coin. The answer I'm looking for is money printing or quantitative easing, because people say that inflation is just the natural increase in prices or reduction in value of money. It's not natural, it's man-made, it's government-made, it's central bank-made. So for example, the lockdown cost about £1 trillion, something like that. And if that's what we can find out, it probably in reality costs more. That £1 trillion extra had to come from somewhere, and that came from quantitative easing or money printing And of course now the delayed increase in, in taxation. So you're paying for it both ways. Because by the way, when the government print money, more money goes into the economy, you have more supply of money for the same amount of products and services, and therefore value of money goes down. A lot of people forget that supply and demand is pretty much the biggest driver of prices and values and assets. So trillions chucked into the economy, therefore more money for the same amount of things that you buy, therefore money goes down in value, and, and therefore the money that you currently have goes down in value, and therefore it's some kind of tax. So 25% reduction in the value of your money since lockdown, and that's the figures that you can find. I always think double what they tell you when it comes to inflation because they don't tell you everything that's in the basket of goods for inflation. So I've got tens of millions of pounds worth of mortgages, and according to the statistics I can find, they have— they are now 25% less because inflation and money printing doesn't just push the prices up, it pushes the value of money and debt down. So actually, since the lockdown, my assets have gone up because inflation has forced it up, and my debt has gone down because inflation has forced it down. This is really powerful. Only millionaires and professional investors really know how this works, and this is why I wanted to share this with you. And the reason I get a lot of hate when people say, oh, Rob Moore, you shouldn't pay off your mortgage, It's because they don't understand this stuff, because it's not taught in schools and colleges, because they don't want you to know it, because that's how they make money out of you. They don't want you to know that each time they print money, your money goes down in value. Otherwise, you won't want them to print money. And by the way, when there's a war, this is what they do. Because imagine there's a war and they say, oh, we'd like you to pay for the war, we're going to put your taxes up to pay for the war. Yeah, you're going to go, no, fuck off. So what they do is they just print money in the back door. You don't actually know, but all of a sudden your money doesn't go as far, your money can't buy as much. And this has gone wild since the lockdown. So interest rates look like they're going to drop a bit, certainly in the news from America. The lower the interest, the more loans for assets that you'll want, i.e., income-producing assets, i.e., property investments. And inflation is still filtering through from lockdown. And some people are saying, oh, inflation slowed down. Yeah, but the 10% in 2020 and the 10% in 2021, you don't get that back. That's gone. Everything's now jumped up and they're not going to push the price down. So look, if you like the idea of learning this stuff, to be a professional property investor making recurring and passive income from assets without needing to spend 10 years learning about it, because you could just learn from people like me, type yes in the comments. I'm actually running a Zoom class in about 36 hours where I'm talking about the factors that are in the market right now which look like they're going to create a big crash, talking about things like this, you know, how to maximize money, how to use the system against itself, how to invest in assets and have the system pay your debt down for you, how to build multiple streams of recurring income. In fact, I'll tell you what I'll do. I'll give you the direct link. You can just jump the queue. So the link is tiny.cc/crashwarning. That's tiny.cc/crashwarning. I got a little bit of hate on— well, a lot of hate actually, um, for a post I did yesterday saying that it's not just the housing crisis and the soaring house prices that, um, is affecting you. It's also your overspending on coffees and lunches and takeaways and alcohol and gambling. And people got really upset and angry with me because they're like, well, you know, no, that's wrong, Rob. No one can afford a house anymore. You know, wages have kept up nowhere near with house prices. And I sort of agree in that it's a bit unfair how high homes are to live in in terms of price. I do think it's a bit unfair. It's also a bit unfair how wages have nowhere near kept up with house prices. But we can't do shit about it. And life isn't fair. You don't get what's fair. You get what you take. And so I'm teaching people to manage their money better. And instead of buying depreciating liabilities, invest in appreciating assets. Because as soon as you become an investor and as soon as you know how the system works, as soon as you get rid of what's fair and right for the people, you learn how to take advantage from the other standpoint. So for example, house prices going up and being unaffordable for homebuyers is brilliant for investors who own the houses. Rent soaring is really not good for people who want to live, is brilliant for people who own the properties who want to rent it out. So I just look at how the world works. Don't think that's fair, but that's what it is. Don't think that's fair, but that's what it is. And I'm going to learn to leverage the system learn how the system works, play the banks at their own game, and win. And this is exactly what I'm going to teach you in about 36 hours' time in this one-off Zoom class, which I'm going to give you— I'm going to subsidize your place, it's not going to cost you anything, but there's no recordings or replay, so you're going to need to jump on. The registration link is tiny.cc crash warning. That's tiny.cc/crashwarning. Let's say you're not sure about what to invest in and where to invest. We're going to help you with that. Let's say you don't think you've got enough money to get some deposits. We're going to help you with that. I've got a special guest expert who's got £16 million worth of property, all no money down, all private finance, all creative finance. In fact, he was £140 grand in debt when he started. I was £50 grand in debt when I started. I've got 345 properties, all JVs, all other people's money, all private investors. Well, when I say all, the whole portfolio was built from that, but then at times when I've made profit, I've just recycled it in and bought more property. So we're going to teach you all this stuff and how it works. And in reality, you want to be greedy when others are fearful and fearful when others are greedy. You want to observe the masses and do the opposite. So the masses are getting into debt for depreciating liabilities and then spending their whole life paying it off and getting into more debt to pay off education, cars, conservatories, holidays, and homes. And this is the massive debt trap, and this is what the system wants, because the system wants debt, interest, taxes, and compliance. And, um, I'm in good debt, which is kind of the opposite of what they want. I earn interest instead of pay it. I save taxes instead of pay them. I mean, I pay my taxes, a lot of them, but I save a lot on taxes. And compliance is not one of my highest values. So if you'd like to learn all this stuff yourself for free from me and my guest experts, type in tiny.cc/crash Warning, tiny.cc/crashwarning. Um, we're probably almost now through the next cycle. Most cycles are 15 to 17 years. I think we're 16 years since the last crash. So from a cycle perspective, a human nature perspective, something is about to break and prices are about to crash. And by the way, if you want to get into property or if you want to become an investor That's the best time to buy. I became a millionaire in the last crash, and I was buying 3-bed houses for between £50,000 and £70,000. Some of them are 3 times the price now. So, you know, if I had a time machine, the 2 places I'd go back to— number 1, at the start of Apple, and I'd have invested in Apple. And number 2, I'd go back as far as I could to the last crash. So, um, David has said, do I think it's a good thing for the minority to own all of the assets and wealth? Um, not necessarily, David, but, um, what's right and what's fair, it's not really relevant. Like, do I think our taxes are distributed fairly? No. But do I get a choice in how they're distributed? No. Do I want to pay the amount of tax that I pay? No. Can I do something about it if I'm employed? No. If I'm self-employed? Yes. So I become self-employed. Do I think it's right that Lloyds Bank and RBS own masses of real estate, that BlackRock own masses of real estate? No. I can't do shit about that, David. And this is really important for everyone, not just talking to David. So a lot of people on my posts and comments, they're talking about what's fair and what should be. Well, my wife should do A, B, C, D, E, F, and G with a smile on her face, but she's her own person. She's not going to do what I want. She's going to do what she wants. My children, they should do A, B, C, D, E, F, G with a smile on their face, but they're not me. So unfortunately, all these people with good intentions are living in a land of delusion, and then they get triggered by me because I'm talking about what you can control. I'm talking about reality versus fantasy. So actually, David, I kind of agree with you. I do not think it's fair— sorry, I nearly got taken out— I do not think it's fair that these massive banks own most of the real estate. I don't, but I want to own as much real estate as I can because I need to pay all these taxes and I need to live a good life when everything's so fucking expensive. And I want to put my kids through private school. Oh, and by the way, the VAT increase, the VAT added to school fees, do I think that's fair? No. Of course, anyone who can't afford to put their kids in private school, they're like, ha ha ha ha ha. No, I don't think that's fair. What can I do? I can't get rid of the VAT. I don't want to break the law. So I have to earn more money or save tax somewhere else. We've got to get out of our mind what's fair and what's right and what's moral and what's ethical. And we've got to look at what actually happens in reality and how the banks work. And do you know when the banks print money, they don't even have to work for it or earn it. They just print it. So there's no value creation. And then each time they print it, your money goes down. Is that fair and right? No. But if I could buy a money printer and have it in my office, would I be hitting print on that thing all day, every day, buying as many cartridges of ink as I can? Of course I would, and so would you. So I'm going to talk to you on this Zoom class about the reality of the banks and the system and inflation and money printing and the markets and how you can cash in. And let's say you don't want to be greedy. Here's what you do. You make a load of money and then you give it away. Maybe you can see yourself as Robin Hood. I do not want Royal Bank of Scotland to own most of the real estate in the UK. I do not want BlackRock to own most of the real estate in the US. I don't think it's good for humanity. So I'm gonna fucking buy as much as I can because I think I do a better job for humanity. That's my personal view. So if you want to learn how to get into property invest in assets, produce recurring income, cash in on the crash, know how the system works, beat it at its own game, not be a victim anymore, take personal responsibility. Go and type now tiny.cc/crashwarning. Tiny.cc/crashwarning. Because here's the thing, whenever you get market corrections, there's blood on the streets, and unfortunately, usually it's the working class The lower working class, where their blood is on the streets. More millionaires are made in recessions than any other times in history. So what are you going to be? Are you going to be the one with blood on the streets going, it's not fair? Or are you going to be the one that becomes a millionaire because you learn how the system works and you beat it at its own game? If you want to do that, by the way, the agenda, the dates, the time, no recordings, no replays, it's all on tiny.cc crash warning, because one is coming and it's going to be big, and some people are going to get very rich and some people are going to get wiped out. And that is the nature of evolution. Thanks for tuning in, and remember, if you don't risk anything, you risk everything. tiny.cc/crashwarning.