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Get Rich Education

Keith Weinhold



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Debt-Free Is Dumb

• 60 min

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: 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”: Top Properties & Providers: Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold

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