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3238: How to Build Equity in Your Home by Kumiko of The Budget Mom on Long-Term Wealth and Financial Stability
Manage episode 498574852 series 1437225
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 3238:
Kumiko shares practical strategies to build equity in your home, whether you're paying off a mortgage or investing in value-boosting renovations. She emphasizes the importance of financial planning, using tools like sinking funds, and making smart decisions about when to borrow or save, offering a balanced approach to long-term wealth and stability.
Read along with the original article(s) here: https://www.thebudgetmom.com/how-to-build-equity-in-your-home/
Quotes to ponder:
"Home equity is the difference between the market value of your home and the amount you owe on your mortgage."
"Landscaping, gardening, painting, or a new outdoor living space are all potentially inexpensive ways to add value to your home."
"A sinking fund is a way to set aside some money each month to pay for large expenses."
Episode references:
Credit Karma: https://www.creditkarma.com
Zillow: https://www.zillow.com
Redfin: https://www.redfin.com
Risk Parity Radio: https://www.riskparityradio.com
Remodeling Magazine Cost vs. Value Report: https://www.remodeling.hw.net/cost-vs-value/2024/
Learn more about your ad choices. Visit megaphone.fm/adchoices
3243 episodes
3238: How to Build Equity in Your Home by Kumiko of The Budget Mom on Long-Term Wealth and Financial Stability
Optimal Finance Daily - Financial Independence and Money Advice
Manage episode 498574852 series 1437225
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 3238:
Kumiko shares practical strategies to build equity in your home, whether you're paying off a mortgage or investing in value-boosting renovations. She emphasizes the importance of financial planning, using tools like sinking funds, and making smart decisions about when to borrow or save, offering a balanced approach to long-term wealth and stability.
Read along with the original article(s) here: https://www.thebudgetmom.com/how-to-build-equity-in-your-home/
Quotes to ponder:
"Home equity is the difference between the market value of your home and the amount you owe on your mortgage."
"Landscaping, gardening, painting, or a new outdoor living space are all potentially inexpensive ways to add value to your home."
"A sinking fund is a way to set aside some money each month to pay for large expenses."
Episode references:
Credit Karma: https://www.creditkarma.com
Zillow: https://www.zillow.com
Redfin: https://www.redfin.com
Risk Parity Radio: https://www.riskparityradio.com
Remodeling Magazine Cost vs. Value Report: https://www.remodeling.hw.net/cost-vs-value/2024/
Learn more about your ad choices. Visit megaphone.fm/adchoices
3243 episodes
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