Twitter: Jason LaFace
As a result of having to nip out early last evening and hike nearly a mile to my financial institution's closest ATM in order to deposit nearly $975 in cash that my wife had wired me ─ I also mailed her car insurance renewal paperwork ─ I never had time to watch anything special on T.V. ahead of my younger brother later arriving home from his daily socializing.
When he did finally get home, I used our Android TV Box to tune in an episode each of Chilling Adventures of Sabrina, The Graham Norton Show, and Workin' Moms.
The sitcom brought us to well after 1 a.m. ─ I did not expect that my brother wanted to sit up that late. I certainly was not keen about it.
It was more like 2:00 a.m. by the time I got to bed, yet approximately five hours later I was too awake to easily sleep further, so I gave it up and rose for the morning.
Concerning that money I had deposited, $400 was owed me by my wife for a loan I had extended her from the money laid aside for our monthly mortgage ─ which might have gotten debited as early this month as today, so the money had to be into our chequing account.
The remainder was money she wanted me to deposit into her account ─ she is presently visiting her sister who lives in Rome, Italy. and could not make the deposit herself.
It happens that our fixed rate mortgage contract expires in May. The bank first tried to get me to renew back in December, sending E-mails and possibly phoning as many as three times, but I did not respond to any of these outreaches.
They have E-mailed me anew early this month, and I am unsure what to do.
Imagine how my atterntion perked this morning when a video my brother and I were watching included a clip of a TikTok video wherein an Aussie claimed that it was possible to vastly reduce a mortgage ─ and even big credit card balances ─ by paying whatever is expected as a monthly payment, but on a daily basis paying some nominal small figure.
The 1½-hour (1:31:38) video that we were watching had been uploaded three days ago to BitChute's TheCrowhouse channel: The State Sponsored War On Freedom. The TikTok clip of profound interest to me starts around the 50-minute mark.
TheCrowhouse is Max Igan's channel, and both he and the fella in the TikTok clip are Australians. However, the claim is that the principle should apply in any Western country.
Try as I could, though, I could not identify the TikTok identity of the chap talking about mortgages. So I eventually screen-captured his image, and did a Google search, finally getting a match.
His TikTok handle is indiigoassetmanagement, and he may be Mike Indigo.
The full TikTok video is nigh six minutes long, and is presently located here. I downloaded it just to be safe.
Basically, "Mike Indigo" claimed that the technique would only work if the mortgage was variable ─ not fixed. His example was a mortgage payment of around $1,000; and according to him, simply paying the regular payment and then paying an additional $1 every day of each month would serve to reset the compounded interest calculation and prevent it from building up.
I am vastly paraphrasing, for I do not clearly understand how this all works.
So now the dilemma for me.
Our fixed rate mortgage contract expires in May. Should I let it expire, and then take on a variable rate mortgage? Would each monthly payment be manageable?
Presently the fixed rate mortgage is over $1,850. Would a variable rate pump up the payment to as much as $2,000 or more?
But further than that, would paying an extra, say, $2 each and every day while under a variable rate mortgage actually result in much lower interest payments on the principle because it would cause the interest calculation to get reset each and every day that the small payment was made?
I have not the remotest idea!
So I have forwarded this dilemma to both of my stepsons (25 and 28 years old) who also live in this house, and help out with the mortgage ─ one day they hope the house might become theirs.
It is going to be interesting to hear from them if this piques their interest.
Regardless, today I made $1 payments to each of two credit cards that my wife maxed out because of her gambling addiction ─ I am going to keep making these extra daily payments and see if anything dramatic occurs anytime soon by way of reducing the balances.
Following that morning video, my brother sought some bed rest, and then left for the day before I had yet taken my early afternoon nap. The day was primarily sunny, so he expressed that he was probably going to lead off his outing with a walk in a park.
Incidentally, this morning he had to go and pick up his girlfriend Bev at 10 a.m. to drive her to work. That was my opportunity for some backyard tool shed exercising.
This time I did not bother with a prefacing weigh-in, and actually managed to hit my ceiling of repetitions in six sets of pull-ups and chin-ups: 4 - 2 - 3 - 2 - 2 - 2.
I did later weigh myself just prior to an early evening bath. Having only eaten a meal during the noon hour, my naked body weight was around 192 pounds.
I will not be sitting up this evening. I want to get up at 2 a.m. to quickly ready and leave on one of my five-mile (minimum) walks.
My evening is well underway, so I am going to call it quits for today's post.
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