Fri, 28 August 2015
#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.
MidSouthHomeBuyers.com or call (901) 217-4663 for top-notch turnkey rental properties.
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