What is your most recent book? Tell us a bit about it.
Let Your Mortgage Make You Rich! tells the story of four homebuyers who purchased the same-priced home at the same interest rate but paid for their homes differently. The one who paid the least, saved $245,785 on her $250,000 house! Let Your Mortgage Make You Rich! is an illustrated how-to manual that teaches you how to change the way you pay your bills, and compares the results of different approaches so you’ll know which approach would work best for you. The objective is to help you pay as little interest on your mortgage as possible, regardless of your interest rate.
Tell us something about yourself.
As a child, I wrote what I called “poetry.” It was Pollyannic, loosely-rhymed verse really. But when I won a school poetry contest in the 6th grade, I knew I was a writer! In high-school, I daydreamed about being a writer. My pen name was going to be Sondra Hutchins. When I moved to Los Angeles in 1985, I told a friend I wanted to write instructions, because every can or box label I read was so badly written! She said that would be impossible, because Los Angeles was flooded with technical writers who were failed screenwriters. That’s where I started writing commercially, in Los Angeles. In 1988, I founded a company called Editorium, a writing, editing and graphic design firm. There seemed to be more call for graphics than writing and editing, so I learned design from books. By the time I was a really good designer, I started getting full-time writing and editing gigs: training materials and electronics instruction manuals. I love making complex things simple!
What inspired you to write this book?
I learned how to use my house to pay for my house from someone else’s book. I recommended it to all of my friends – and gave them my Amazon affiliate link to buy it! When I checked back with them months later to see how they were doing accelerating their mortgages, not a single one had started. They all said it sounded too hard or too risky. My friend John’s house had burned down, so he and his wife were 100% mortgaged, with two small children and one income. I pled with him to use the same technique I had used to cancel $50,000 interest in the prior two years. He said, “Explain it to me one more time, Lin.” About three weeks later when he was at my house again, he said, “This is brilliant!” Being an Internet marketer, he added, “We have a product! We have to tell people about this.” I told him I would write it as a training manual if he would build a website and do the marketing. We became partners on the project. That’s why you see the name John R. Barker beside mine on the book. Plus, John is a mathematical genius!
How did you publish this book? Why did you decide on to take the route you did?
We published first as an eBook. I’d written two previous eBooks that did pretty well online. With eBooks, people are aware they are paying for the value of the information, not the printing or the fancy cover. Therefore, price points can be considerably higher. Let Your Mortgage Make You Rich! sells for $97—a steal, considering the information can save someone $50,000 to $1,000,000! Then I built a print-on-demand version with Lulu, which we had spiral bound to reinforce the idea of training manual. That cost us at least one sale that I know of—J.D. Roth of GetRichSlowly.com. I mentioned the book in a comment on his blog. When he didn’t find it on Amazon, he told me I lost credibility. But when we first published, Amazon wouldn’t carry spiral-bound books. They now have it through their consignment program.
What do you believe is the hardest part of writing?
The hardest part of writing is making money at it!
How do you do research for your books?
Did you learn anything from writing this book? What?
I learned a great deal about mortgages, compound interest and financing. I rewrote sections as I faced both common and my own misconceptions. Did you know that interest on a 30-year loan at only 6% adds up to over 115%? I didn’t either, till I got into the research for this book!
What are you reading now?
A Brief History of Everything, Hyperspace and Food, Inc.
What types of books do you like to read?
I love biographies and parables. I just finished Infidel and The Go-Giver.
Are you working on your next book? What can you tell us about it?
Currently I’m writing online and newspaper articles and blogs. Lots and lots of blogs.
What is the best advice you could give other writers about writing or publishing?
One way to become a best-selling author is to invent your own genre. That’s what I did with my first eBook, The Email Marketer’s Cookbook: Stirring Recipes for a Sizzling Campaign. Being the only fill-in-the-blank workbook for creating email marketing campaigns made it the best-selling fill-in-the-blank workbook for creating email marketing campaigns.
What are you doing to promote your latest book?
I’m writing online and newspaper articles and blogs. Lots and lots of blogs.
Where can readers learn more about you and your book?