Adkins Setup03-1: Your Paycheque Is Leaking Interest
Speed 150 WPM · Average
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Cloning: Old Way vs New Way (Setup 03) #1:
Your Paycheque Is Leaking Interest
[Old Way -> New Way, shot as two separate takes]
[Old Way] I'll just leave my paycheque in my chequing account and pay
the mortgage like everyone else.
[New Way] That's the leak.
In Canada your mortgage interest is calculated daily.
[Old Way] So?
[New Way] So every day your income sits in chequing,
you're paying interest on your full mortgage for no reason.
[Old Way] What's the alternative?
[New Way] Land your paycheque right on the mortgage balance.
Same money, but it lowers the interest the second it arrives.
[Old Way] Wait, how much does that save?
[New Way] I've seen it take ten years off.
Same income, different structure.
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