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327: Debt-Free Is Dumb

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Manage episode 281997812 series 2715651
Content provided by Keith Weinhold. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Keith Weinhold or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Has “debt-free” now become a poverty marker?

Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you.

Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter

Home equity is: unsafe, illiquid, and its rate of return is always zero.

If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of financial freedom.

Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more.

Paying down your low interest rate debt won’t create wealth. But using debt to create residual income streams can.

More equity = more risk.

Why would you even want to be debt-free?

Resources mentioned:

Show Notes:

www.GetRichEducation.com/327

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

  continue reading

500 episodes

Artwork

327: Debt-Free Is Dumb

Get Rich Education

26 subscribers

published

iconShare
 
Manage episode 281997812 series 2715651
Content provided by Keith Weinhold. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Keith Weinhold or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Has “debt-free” now become a poverty marker?

Debt is good when: 1) The interest rate is lower than inflation, and 2) When tenants pay your debt for you.

Get our free “Don’t Quit Your Daydream” Letter at: www.getricheducation.com/letter

Home equity is: unsafe, illiquid, and its rate of return is always zero.

If you pay an extra $100 toward your mortgage principal, you just converted your cash flow to equity. That’s the opposite of financial freedom.

Learn myriad reasons for removing equity from property: a litigious society, natural disasters, job loss, and more.

Paying down your low interest rate debt won’t create wealth. But using debt to create residual income streams can.

More equity = more risk.

Why would you even want to be debt-free?

Resources mentioned:

Show Notes:

www.GetRichEducation.com/327

Mortgage Loans:

RidgeLendingGroup.com

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

CashFlowAndGrowth.com

Best Financial Education:

GetRichEducation.com

Get our free “Don’t Quit Your Daydream Letter”:

www.GetRichEducation.com/Letter

Top Properties & Providers:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

  continue reading

500 episodes

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