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Rich Dad Poor Dad is kind of the starting point
and he has about 18 purple and yellow books
about 5 from him and 12 from his advisors
The idea behind missed fortune is a lot of things
keep in mind especially on rentals
interest can be written off as a tax deduction
if you pay off your own house you lose that tax deduction
if you take a 7% interest rate on your house
and take the effective rate with deductions etc
might be more like 4.8% for example
If you always had your house 100% leveraged but had all equity in another liquid asset, can you beat 4.8%? sure you can that's easy
How would you like to be in a market with 100,000 houses going down in value
people want to walk a bad economy in certain markets?
If the bank had 100,000 homes not paying, which homes do you think they will take the time to foreclose on first
the one owing $15,000 as a balance
or the ones owing $200k balance?
equity in a house gets zero return
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