61 minutes | Jan 11th 2021

327: Debt-Free Is Dumb

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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

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