In last weeks video I talked about the mentality you need to get out of debt, this week I will dive into how emotions play a role in your debt situation. Also if you like the message this video is sending feel free to forward it on to a friend.
Chris
Emotional
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First off, there is no fancy paperwork involved in overpaying your mortgage. A refinancing of your home loan involves applications, prepayment costs, appraisals, and all the stuff you went thru when you got your home loan in the first place. But with overpaying, you do not want to apply for anything or go thru any processes. You simply add some greenbacks if you want and in whatever amount you want.
Inflation eased to its lowest level in more than two years, with consumer prices increasing 1.0% y-o-y in January. With strong declines in inflation, policy makers in China have become more confident and have been cutting interest rates aggressively. One of the constraints to inflation has been the crunch in trade financing, which became a global problem, but as a result of new support from Beijing this problem seems to have eased.