E68: What Happens When You Turn Your Home into an Asset
Dollars and Nonsense · Living Wealth
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Show Notes
We continue our discussion on mortgage myths and how to turn your house into an asset. You'll be able to beat the bank and pay yourself first.
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Mortgage Myths and Turn Your Home into an Asset:
- Using a bank and making money off their money
- How home equity is actually idle money (make it work for you)
- The unusual use for a HELOC no one told you about
- Increasing your personal liquidity
- Increasing the velocity of your money
- When not paying your home off can be a good thing
- Separating the equity from the home so you can control it
Episode Takeaways:
- Equity in your home isn't the best thing because it's idle money. It's not working for you. It's not putting money in your pocket. Go from stagnat to motion.
- Banks don't like to lend money to people who need it. They like to lend money to people who don't need it.Put yourself in a position to not need it.
- The velocity of your money is how fast it can make money move. The higher your money's velocity, the more it will grow.
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/