Myth #8: Borrowing then investing holds no potential growth returns
You can earn a tremendous profit – regardless of the relative interest rates – by positioning your money in tax-preferred investments that earn a return greater than the real “net after tax cost” of obtaining that money.
You could use your home equity to turbo charge your wealth growth rate!
For example, if you are borrowing at 7% and if you are in the 40% marginal tax bracket, you are effectively paying 4.20% on the loan’s interest.
Not bad, eh?
So, in this example, you will be ahead of the game because I am sure you can find investments that will produce better than 4.20%.
For example, “rental property” comes to mind.
Canadians! When it comes to your mortgage…
Are you tired of being on the mortgage ‘hamster wheel’?
Are you sick of being ‘house rich & cash poor’?
Are you frustrated with your banks ‘mortgage solution’?
Are you open to new ideas?
Then join the quiet Canadian revolution today!
‘The UnCanadian Way To Get Rid Of Your Mortgage & Create Wealth’
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“I purchased Mark’s book “The UnCanadian Way To Get Rid Of Your Mortgage And Create Wealth” spontaneously after visiting his site. (
Packed with solid, actionable advice, this book eliminates the fluff so prevalent in normal finance books and clearly explains the steps the wealthy use to build up their portfolios.
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Curious but still on the fence?
Get our FREE report: ‘Top 10 Myths of Canadian Home Ownership – Exposed!
http://bit.ly/Top10CanadianMortgageMyths (direct download to your digital device – 36pg pdf)
“For years, I was the guy that thought paying off your mortgage & maxing out my RRSPs were the top priorities.
Now that I really look at it, I couldn’t have been more wrong…” Kelly, Edmonton, Alberta
Video Index of 10 Top Myths of Canadian Home Ownership – Revealed!