#220: Financially-free vs. debt-free. Pick a side.
In this interview and debate, I’m on the financially-free side.
Two podcast hosts are on the debt-free side.
Financially-free means doing what you want to do, when you want to do it.
Debt-free means that you don’t owe anyone anything.
Can’t you just pick both?
Well, being on the debt-free side often means taking a step away from financially-free.
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Listen to this week’s show and learn:
03:42 Example on why home equity is unsafe, illiquid, and ROI-zero.
05:30 Interview begins.
08:15 Average of the five.
10:02 Wealthy | Middle Class | Poor
12:46 Stop looking at property.
22:50 Is today a good time to buy real estate?
28:29 Financially-free vs. debt-free.
50:35 Reasons to avoid leverage.
52:58 Rising HELOC rates.
54:21 Long-term commitments.
58:27 “The Godfather Of Real Estate”, Bob Helms, and friend John Collins on debt.
Seth Williams’ Website: REtipster.com
Seth Williams’ Podcast: Here
My Book: 7 Money Myths - Amazon
My Book: 7 Money Myths - E-version
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
Find Properties: GREturnkey.com