I send out a monthly newsletter to about 3100 people for my real estate business. I compared the affordability of a home at 4% interest vs. 5%. Not a big difference at only $113 a month for a median priced home here in Las Vegas. Seemingly, not a big difference. Unless you invest that $113 in the market for 30 years at an average of 10% return. Then that small savings per month turns into $250,000. Sound like a good chance for a free and clear home at retirement which is a major game changer for most Americans.
It's the small choices over time that either make us or break us. If you have to start with putting pennies away, do it. The key is to start the disciplines and keep the sail trimmed in the right direction.
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Todd
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