What multi millionaire or billionaire hasn’t leveraged ‘good debt?’ What country with a leading GDP didn’t do the same? Good debt, not bad debt. The 30-year mortgage was created after the Great Depression to make homeownership more affordable. Back then, people lived to about 60. So a 30-year mortgage made sense. Now, with people living into their 80s, a 40-year mortgage is more relevant than ever. It turns an appreciating asset into something accessible, especially with subsidized rates for first-time buyers. This is the civil rights issue of our generation—financial literacy. After all, no one washes a rental car. When you own something, you take better care of it. To quote my friend Mary Duffy of CNBC, ‘40 just may be the new 30.’ I agree. 👏🏽 Thank you CNBC for giving me the platform to discuss the challenges with home mortgages in America and how a simple change can make a big impact for all of us. Click the link in my bio to read the entire original OpEd , get your copy ...