Managing Home Equity
Many Americans have now figured out how the "perfect storm" has affected their net worth: their home values have plummeted along with the values of their retirement plans. Most common advice is that all we need to do is wait and the markets will correct themselves. But was there a better way to prevent the disaster in the first place?
For many, home values comprise a large portion of their net worth, yet they do not actively manage these assets, leaving any growth in equity on its own course, subject to the fair market value of the home. However, they go overboard in taking undue risks on the other parts of their portfolios, namely IRAs, 401k plans and the like. What they fail to realize is that they can get to the same place, but on a safer course, by managing all of their assets.
The affluent have long ago determined that the way to create True Wealth is to use other people’s money, or OPM. One of the most easily accessible ways to do this for people of more moderate means is to access the lazy, idle dollars tied up in your home’s equity. The affluent have determined that home equity safely and conservatively builds their wealth for the following reasons:
Reason #1 Your mortgage doesn’t affect
your home’s value
Reason #2 You are going to build equity anyway
Reason #3 A mortgage is cheap money
Reason #4 Mortgage interest is tax-deductible
Reason #5 Mortgage interest is tax-favorable
Reason #6 Mortgage payments get easier over time
Reason #7 Mortgages let you sell without selling
Reason #8 Large mortgages let you invest more money more
quickly
Reason #9 Long-term mortgages let you create more wealth
Reason #10 Mortgages give you greater liquidity and greater
flexibility
Reason #11 Having a fully-mortgaged home increases your
safety
What if . . .
|
 |
The Knowledge You’ve Been Waiting
For
BECAUSE YOU DESERVE TO KNOW MORE
For years, a constant stream of conventional financial wisdom has bombarded investors. But every once in a while, a revolutionary approach comes along that changes the way we think about our personal finances. Outlined in an explosive new top seller from Time Warner, the “Missed Fortune” strategy goes against the current of traditional financial planning. In fact, most of the tactics are contrary to popular belief and it’s all based on mathematical fact, tax law, and the practical application of thousands of wealthy people. But a fair warning ~ this is not for financial jellyfish.
The Missed Fortune True Wealth Transformation TM is for forward-thinking, disciplined strategy for individuals who are ready to examine their own roadblocks to wealth, apply proven yet unconventional methods, and create a personal P.L.A.N. for true wealth.
