Make Inflation Your Friend - Episode 294

Engineer of Finance

Ken Greene discusses inflation and how homeowners can take advantage by using instruments like a 30-year fixed mortgage in an episode titled "Make Inflation Your Friend." Ken mentions the impact of money printing and technology on the value of assets and posits that their worth might not have gone up, but it may take more dollars to acquire the same assets due to inflation.

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• US INFLATION RATE
• MEDIAN SALES PRICE OF HOUSES
• AVERAGE 30-YR FIXED MORTGAGE
• FREE FINANCIAL CALCULATORS
• Connect with Ken Greene
• http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance

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Episode Highlights

• Sharing previous experiences of advising clients to switch from 15-year fixed mortgages to 30-year fixed mortgages
• The current interest rates and median prices of homes in the US
• Ken's rule of thumb: House payments should not exceed 25% of your gross income
• Possible scenario of how inflation can impact your future payments on a 30-year fixed mortgage
• Case study example of someone having a strong income stream and buying a house at the median price

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