The rather shocking headline “Stop Paying Your Mortgage” requires quite a bit more context to understand exactly where this advice is coming from. In this video, take a trip deep down the rabbit hole.
This is not just flippant or unconsidered advice, this is deadly serious and based on very ominous things happening across all the financial markets. I encourage you to watch this…and counter punch me if you’ve got different analysis.
NOW- I WANT TO ADD A DISCLAIMER HERE. THIS KIND OF GENERALIZED ADVICE DOES NOT APPLY TO EVERY CONSUMER OR BORROWER. THAT SAID, WHAT THIS IS REALLY ABOUT IS THE LONG YEARS I’VE SPENT WORKING WITH PEOPLE WHO DIDN’T TAKE THE NECESSARY LONG TERM VIEW OF THEIR FINANCIAL CIRCUMSTANCES.
THE PROBLEM I SEE BASED ON ALL MY EXPERIENCE AND BASED ON ALL I SEE AROUND ME IS THAT MILLIONS OF PEOPLE ARE GOING TO BE UNEMPLOYED, AND UNABLE TO ACCESS MONEY OR ASSISTANCE IN ANY FORM. THIS TERRIFYING REALITY IS WHAT I AM TRYING TO GET PEOPLE TO GRASP AND CONTEND WITH NOW!
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