Get Rich Education

46: The Money That You Didn't Know You Had (Archives)


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#46: You're likely putting a lot of your money at risk right now, and that same money is achieving zero rate of return.

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Listen to this week's show and learn:

01:01 How Keith got the financial ability to get into so many investments at a young age.

03:07 Risk-free return vs. return-free risk.

05:41 Today, what you thought was "right-side up" in the world, could turn "upside-down."

08:08 Why are you investing in a vehicle that could never go up in value, but could only go down?

09:45 Would you rather be debt-free or financially free?

12:48 Home equity is: 1) Unsafe, 2) Illiquid, and 3) has zero rate of return. Home equity is one of the worst "investments" you can make.

17:01 "Equity transfers" can enhance your rate of return.

21:14 It's sad that some borrowers make extra mortgage principal payments without understanding what they're doing.

23:38 30-year vs. 15-year mortgage loans. Keith tells you which one he likes more - by far.

25:28 Banks are more likely to foreclose on your property if you're financially uneducated.

27:32 A catastrophic loss is another reason that home equity is an awful investment.

31:01 Your equity position does not change your control of your property.

32:32 Homes are meant to house people, not store cash.

35:12 How "paying off" Keith's home would be a reckless decision.

36:11 When you pay off your home, you just sent your money away to "retire." That's the reason that you cannot retire.

Resources mentioned:

MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.

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