E68: What Happens When You Turn Your Home into an Asset

We continue our discussion on mortgage myths and how to turn your house into an asset. You'll be able to beat the bank and pay yourself first.

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Mortgage Myths and Turn Your Home into an Asset:

• Using a bank and making money off their money
• How home equity is actually idle money (make it work for you)
• The unusual use for a HELOC no one told you about
• Increasing your personal liquidity
• Increasing the velocity of your money
• When not paying your home off can be a good thing
• Separating the equity from the home so you can control it

Episode Takeaways:

• Equity in your home isn't the best thing because it's idle money. It's not working for you. It's not putting money in your pocket. Go from stagnat to motion.
• Banks don't like to lend money to people who need it. They like to lend money to people who don't need it.Put yourself in a position to not need it.
• The velocity of your money is how fast it can make money move. The higher your money's velocity, the more it will grow.

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/