3214: Investing With Debt By Wanderer On Smart Financial Decisions And Money Lessons On Housing Costs Optimal Finance Daily - Financial Independence And Money Advice podcast

3214: Investing With Debt by Wanderer on Smart Financial Decisions and Money Lessons on Housing Costs

Optimal Finance Daily - Financial Independence and Money Advice

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published 3d ago

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Episode 3214:

Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs.

Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/

Quotes to ponder:

"Home equity is dead money. And it will remain dead money that you can’t access until you sell the damned house."

"When financial companies run into trouble, it’s entirely in their right to call whatever debt they have and force you to pay it off immediately."

"That’s why I’d pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house."

Episode references:

Root of Good: https://rootofgood.com

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3214: Investing With Debt by Wanderer on Smart Financial Decisions and Money Lessons on Housing Costs

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