1714: House Rich and Cash Poor by Mike Ballew of EggStack on Housing Options in Retirement

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 November 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Ballew of Egg Stack talks about housing options in retirement Episode 1714: House Rich and Cash Poor by Mike Ballew of EggStack on Housing Options in Retirement Mike Ballew is a 56-year-old engineer turned blogger who reached a point in life where he sees things more clearly than ever before. He faced financial challenges and overcame them through hard work and determination. His blog helps others navigate their personal finances and plan for retirement. The original post is located here: https://eggstack.com/blog/2021-06-27-House-Rich-and-Cash-Poor/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Connect with your customers in a whole new way with Salesforce Customer 360.
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0:10.0	and unite your teams around a single shared view of every customer in your business.
0:15.0	Empower teams with Trusted AI from a secure, scalable platform.
0:20.0	With Salesforce Customer 360, now everyone's an Einstein.
0:24.0	Go to Salesforce.com forward slash 360 to learn more.
0:30.0	This is Optimal Finance Daily, episode 1714.
0:34.0	House Rich and Cash Poor by Mike Baloo of Eggstack.com.
0:39.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:43.0	Now let's get right to it and continue optimizing your life.
0:51.0	House Rich and Cash Poor by Mike Baloo of Eggstack.com.
0:58.0	Do you have substantial equity in your home but worry that you may not have enough savings to enjoy retirement?
1:04.0	If so, you're not alone.
1:06.0	That's what it means to be House Rich and Cash Poor.
1:10.0	Owning a home is an important part of wealth building and a cornerstone of the American Dream.
1:15.0	However, as we age, some youthful aspirations like home ownership begin to feel like an albatross.
1:23.0	Others of making mortgage payments and costly repairs takes its toll on our psyche.
1:28.0	Our home that once made us beam with pride starts getting the side eye.
1:33.0	Fortunately, there are several options at our disposal to deal with this matter.
1:38.0	Let's look at each one and evaluate the advantages and disadvantages.
1:43.0	Downsizing.
1:45.0	When all of the children are grown and gone, it's just the two of you knocking around in that big house.
	...

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