http://yourfinishrichplan.com/blog/2008/06/23/finish-rich-on-a-shoestring-save-money-and-build-financial-wealth/ Where we put the emphasis on the personal in personal finance Fri, 07 Oct 2011 15:53:04 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://yourfinishrichplan.com/blog/2008/06/23/finish-rich-on-a-shoestring-save-money-and-build-financial-wealth/comment-page-1/#comment-1213 Rachel @ Master Your Card Tue, 24 Jun 2008 13:39:02 +0000 http://yourfinishrichplan.com/blog/?p=104#comment-1213 I have never though of debt as reverse compound interest. It is a pretty scary thought and motivates me even more to get my mortgage paid off early. I am paying about £500 interest a month so for every year I reduce my term by (by paying lump sums off the mortgage) I save £6000 in interest - that is huge! I have never though of debt as reverse compound interest. It is a pretty scary thought and motivates me even more to get my mortgage paid off early. I am paying about £500 interest a month so for every year I reduce my term by (by paying lump sums off the mortgage) I save £6000 in interest – that is huge!

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