We continue our discussion on mortgage myths and how to turn your house into an asset. You'll be able to beat the bank and pay yourself first.

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https://livingwealth.com/e68

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Mortgage Myths and Turn Your Home into an Asset:

• Using a bank and making money off their money
• How home equity is actually idle money (make it work for you)
• The unusual use for a HELOC no one told you about
• Increasing your personal liquidity
• Increasing the velocity of your money
• When not paying your home off can be a good thing
• Separating the equity from the home so you can control it

Episode Takeaways:

• Equity in your home isn't the best thing because it's idle money. It's not working for you. It's not putting money in your pocket. Go from stagnat to motion.
• Banks don't like to lend money to people who need it. They like to lend money to people who don't need it.Put yourself in a position to not need it.
• The velocity of your money is how fast it can make money move. The higher your money's velocity, the more it will grow.

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

We discuss how to avoid the biggest mortgage pitfalls most people fall into so you can use your mortgage to your advantage.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e67

This topic is big--too big for just one episode, in fact. So, we're going to make this a two-part series.

Why is mortgage pitfalls such a big topic?

Typically, homes are our most significant decision and purchase. This means how we're going to pay for it is also essential. How you view your mortgage can also be significant. For instance, one of the mortgage pitfalls of buying a home is many people think that their house is an asset and that can be dangerous thinking. As Robert Kiyosaki, author of Rich Dad Poor Dad, says an asset is something that's supposed to put money in your pocket. Is your home putting money in your pocket, though?

We expand on this and more in this episode.

Avoid Mortgage Pitfalls and Make it Work For You:

• 15-year vs 30-year mortgages
• Is a home really an investment
• Using the equity in a home for more than a savings account
• Understanding assets vs. liabilities
• Why banks prefer and entice borrows to take the 15-year
• Paying back the bank slowly versus quickly and the advantages

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/