Most people who constantly say, “Let’s be realistic,” are really just living in fear, deathly afraid of being disappointed again. Out of that fear, they develop beliefs that cause them to hesitate, to not give their all — consequently they get limited results.

whether your home costs $500,000 or $2 million. A 30-year loan on $270,000 at 6% requires an initial monthly payment of $1,618. With this technique, you would also write a second check for an extra $270 — next month’s principal balance — a very small number, relatively speaking. That second check of $270 is money you’ll never pay interest on. To be clear, you’re not paying extra money; you’re simply prepaying next month’s principal a touch sooner. Hold yourself to this pay-it-forward strategy each month, and, again, you’ll be able to pay off a 30-year mortgage in just 15 years — cutting the total cost of your home by close to 50%.

I said it before, but it’s worth repeating: most of today’s 401(k) plans allow you to simply “check a box,” and your contributions will receive the Roth tax treatment. This decision means you pay tax today, but you never pay tax again!

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