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3214: Investing With Debt by Wanderer on Smart Financial Decisions and Money Lessons on Housing Costs

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Manage episode 494742113 series 1437225
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3214:

Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs.

Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/

Quotes to ponder:

"Home equity is dead money. And it will remain dead money that you can’t access until you sell the damned house."

"When financial companies run into trouble, it’s entirely in their right to call whatever debt they have and force you to pay it off immediately."

"That’s why I’d pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house."

Episode references:

Root of Good: https://rootofgood.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3222 episodes

Artwork
iconShare
 
Manage episode 494742113 series 1437225
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Diania Merriam or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3214:

Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs.

Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/

Quotes to ponder:

"Home equity is dead money. And it will remain dead money that you can’t access until you sell the damned house."

"When financial companies run into trouble, it’s entirely in their right to call whatever debt they have and force you to pay it off immediately."

"That’s why I’d pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house."

Episode references:

Root of Good: https://rootofgood.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3222 episodes

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