Thu, 2 October 2014
It’s time to get clear: do you want to be debt free or financially free? Because they require completely different game plans. Today Matt addresses the differences in strategy and more while tackling a listener response to last week’s episode, Should I Buy My Primary Residence?
I agree that your house is a liability, however rent is even more of a liability! There are two sides to the balance sheet: increasing assets and decreasing liabilities (rent). Both will increase your cash flow. I bought my house for $80,000 cash 3 years ago and now it can rent for $1,200 per year. I'm open to increasing my ROI.
- Brian P.
If you have a question, comment or concern that you’d like Matt to address live on the show, send it to him at Matt@EpicRealEstate.com and type "3rd Degree" in the subject line… or leave him a voicemail on the Epic Hotline at 1-888-891-7203.
See you tomorrow for a new episode of Financial Freedom Friday!