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.
Ask Me a Question at speakpipe.com/clayton
Episode Resources
Book a Call with Our Team
speakpipe.com/clayton
Download the Freedom Cheat Sheet
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook
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.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Ready To Build Passive Income Through Rental Real Estate?
Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.
