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:
Mortgage Loans:
EQRPs: text "EQRP" in ALL CAPS to 72000 or:
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:
Best Financial Education:
Get our free "Don't Quit Your Daydream Letter":
www.GetRichEducation.com/Letter
Top Properties & Providers:
Follow us on Instagram:
Keith's personal Instagram:
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com