33 min listen
238: Why You’re Wealthier Than You Think
ratings:
Length:
53 minutes
Released:
Apr 29, 2019
Format:
Podcast episode
Description
Keep your debt. Get financially-free instead. We’re talking about good debt. Retiring your debt often means you can’t retire yourself. Home equity is: Unsafe. Illiquid. Has zero rate of return. So then, why have so much equity in any one property? Back in The Great Depression Era, banks could call your loan due-in-full anytime. They can’t do that today. Don’t fear mortgages. Embrace them; even collect them! Every dollar that goes into mortgage principal paydown is a dollar that you didn’t invest. Separating equity from your home gives you more dollars to invest, not save. Paying down your mortgage INCREASES your foreclosure risk. Most think the opposite is true. Have a lot of home equity? Treat it as you like. But you probably have more dollars to invest than you think. So what’s the formula? Consider keeping low equity positions in many cash-flowing investment properties. __________________ Want more wealth? 1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book 2) Your actionable turnkey real estate investing opportunity: GREturnkey.com 3) Read my best-selling paperback: getbook.at/7moneymyths __________________ Resources mentioned Find Properties: GREturnkey.com Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ProducersWealth.com Turnkey Real Estate: NoradaRealEstate.com QRP: TotalControlFinancial.com JWB New Construction Turnkey: NewConstructionTurnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
Released:
Apr 29, 2019
Format:
Podcast episode
Titles in the series (100)
1: Your Abundance Mindset: #1: The wealthy think differently than you do. In this episode, you learn about how those who spend more of their time & effort making lifestyle sacrifices to the downside, leave neither resources nor opportunity to learn about how to expand... by Get Rich Education