What should you do with the equity in your home now that we have this exploding market? I’m a big fan of income producing properties, but I’m not a fan of saying that homeownership is an investment. At the end of the day, homeownership is a convenience, not something that’s making you money. I explain how you can practice smart lending techniques, put your money in a low fee index fund, and sit back and watch that home equity grow. Tune in to learn more about how to get the most out of homeownership.
Episode Timeline & Discussion Questions:
( 1:02 ) Welcome back to The Chris Harder Show.
( 1:14 ) Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.
( 2:06 ) Chris introduces the topic of today’s episode, creating financial abundance through your home equity.
( 4:41 ) Chris shares an example of the equity in a $400,000 home.
( 7:00 ) Chris explains two responsible lending guidelines.
( 9:04 ) Chris discusses the option of getting a cash out refinance loan.
( 11:05 ) Chris shares what putting money in low index funds could look like.
( 12:54 ) Chris says, “You’re risking your financial future by leaving that powerful equity sitting there doing absolutely nothing for you.”
( 13:50 ) Chris asks listeners to share the podcast and leave a 5-star review.