Do you own your primary residence? If so, you might want to consider utilizing your equity in order to buy performing assets. If you’ve been listening to the anti-debt movement, this idea might seem scary, but it can be a great way to build wealth.
On this episode of Investing in Real Estate, I’m answering three listener questions — including how to leverage your home equity, how to handle health insurance as an entrepreneur, and how to find the silver linings in owning your home.
On this episode you’ll learn:
- How to overcome the fear of leaving your employer sponsored healthcare.
- The difference between good debt and bad debt.
- What to do with a free and clear primary residence.
- And more!
How to Overcome the Fear of Leaving Your Employer Sponsored Healthcare
Many people think of their 9-5 as golden handcuffs. But in reality, the benefits provided by an employer aren’t as shiny as they seem on the surface. If you don’t have access to an employer sponsored plan, there are many options available to you on the marketplace.
The Difference Between Good Debt and Bad Debt
Many finance experts talk about the importance of having no debt, while others have used debt in order to build their wealth. Which is the right approach? It’s important to remember that there’s a difference between good debt (debt you use to buy performing assets) and bad debt (consumer credit cards or purchasing liabilities).
What to Do With a Free and Clear Primary Residence
While I generally suggest renting, some people prefer to own their primary residence. If this is you, consider house hacking or leveraging your equity in order to buy real estate.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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