Mortgage Killer Accelerator

Strategy 78 of 107 · new for the five-year plan

Sell digital assets held outside retirement accounts

Depends on markets or variable ratesFrom an asset you already ownFive-year size: a solid share

What it is

List crypto or other digital assets you hold.

Steps

  1. List crypto or other digital assets you hold.
  2. Selling or trading them is a taxable event; report it on your return.
  3. Send the after-tax proceeds to principal.

Repeat: Once, or in stages.

Measure: After-tax proceeds.

Try it in the calculator Enter its amount in "One-time amount to principal". Add a payoff goal of 5 years to see what is still needed.

Risks

  • Prices swing widely.
  • Records of cost are needed for the tax.

Who it fits

Single, Higher earners, College students, Married couples, Average household

Needs

Savings or investments beyond the emergency fund

How predictable

Depends on markets or variable rates

A worked example (hypothetical, not guaranteed)

Picture a hypothetical household (single). They owe $300,000 at 6.5% with 30 years left. The required payment is $1,896 a month, and that payment, which comes from income, never changes in this example.

They follow the steps: list crypto or other digital assets you hold.

Suppose it brings a one-time $30,000 on principal. The loan would be paid off in 22 years 10 months instead of 30 years, saving about $134,798 in interest. To finish in five years, they would still need about $3,387 a month more from other strategies. That is why the five-year sequences stack several at once.

The amount above is chosen only to show the arithmetic. It is not an estimate of what this strategy will produce for anyone. Put real numbers from the fact finder into the calculator.

Sources and more information

Where to get help

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