Dollars and Nonsense

E68: What Happens When You Turn Your Home into an Asset


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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.

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e68

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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/

 

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