# @johnhopebryant on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/C-89xfqMH0g
- **Gondola URL:** https://gondola.cc/posts/22497110-johnhopebryant-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/b93480cc78.jpg
- **Posted:** 2024-08-22T00:49:56.000+00:00

## Caption

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 of my newest bestselling g #financialliteracyforallbook, and sign up for FREE financial coaching with Operation HOPE today! 

#FinancialLiteracy #GoodDebt #HomeOwnership #silverrights

## Stats

- **Views:** 7,250
- **Likes:** 798
- **Shares:** 0
- **Comments:** 63

## Tags

gooddebt, homeownership, silverrights, financialliteracyforallbook, financialliteracy

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