220: Two Podcast Hosts Debate Me About Wealth
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 24 December 2018
⏱️ 62 minutes
🧾️ Download transcript
Summary
#220: Financially-free vs. debt-free. Pick a side.
In this interview and debate, I’m on the financially-free side.
Two podcast hosts are on the debt-free side.
Financially-free means doing what you want to do, when you want to do it.
Debt-free means that you don’t owe anyone anything.
Can’t you just pick both?
Well, being on the debt-free side often means taking a step away from financially-free.
Host Seth Williams and co-host Jaren Barnes run REtipster.com and the REtipster Podcast.
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Listen to this week’s show and learn:
03:42 Example on why home equity is unsafe, illiquid, and ROI-zero.
05:30 Interview begins.
08:15 Average of the five.
10:02 Wealthy | Middle Class | Poor
12:46 Stop looking at property.
22:50 Is today a good time to buy real estate?
28:29 Financially-free vs. debt-free.
50:35 Reasons to avoid leverage.
52:58 Rising HELOC rates.
54:21 Long-term commitments.
58:27 “The Godfather Of Real Estate”, Bob Helms, and friend John Collins on debt.
Resources mentioned:
Seth Williams’ Website: REtipster.com
Seth Williams’ Podcast: Here
My Book: 7 Money Myths - Amazon
My Book: 7 Money Myths - E-version
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ProducersWealth.com
Turnkey RE: NoradaRealEstate.com
QRP: TotalControlFinancial.com
Find Properties: GREturnkey.com
Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host, Keith Weinhold, financially free versus debt-free. Which one is better? Today, rather than me hosting the show, I'll be interviewed by two podcast hosts. We debate. They largely take the debt-free side, and I, the financially free side, today on Get Rich Education. |
| 0:23.2 | M.C. Lobcher is the host of the Cashflow Ninja podcast and president of producers' wealth. |
| 0:28.7 | He is on a mission to help you achieve financial independence and freedom as soon as possible. |
| 0:33.9 | He achieves this by integrating the infinite banking concept with real estate |
| 0:37.9 | investments to increase their returns and recapture cash flow that you are not even |
| 0:42.8 | aware of that you're losing mc shares the number one strategy of investors in his |
| 0:47.3 | holistic wealth creation course at your own banking system dot com would you like to know the easiest way to create wealth and passive income with real estate? |
| 0:58.0 | This is Marco Santorelli with Norata Real Estate Investments. |
| 1:01.6 | Now you can access the best deals without the stress or hassle of having to find, |
| 1:05.6 | renovate, or manage those properties. |
| 1:07.7 | We save you time by providing you with passive income investment properties |
| 1:10.9 | in some of the best U.S. markets. Learn more by downloading your free copy of the ultimate |
| 1:15.8 | guide to passive real estate investing. There's no obligation and nothing to buy. Simply |
| 1:20.9 | visit passive real estate guide.com and get your free copy today. That's passive real estate guide.com. |
| 1:29.4 | Get rich education is brought to you by Ridge Lending Group |
| 1:31.9 | Producers Wealth, LaRata Real Estate, and Total Control Financial. |
| 1:37.2 | You're listening to the show that has created more passive income |
| 1:40.5 | for people than nearly any show in the world. |
| 1:44.6 | This is the powerful get rich education. |
| 2:07.6 | Welcome to GRE from Astana, Kazakhstan to Austin, Texas, and across 188 nations worldwide. |
| 2:11.0 | Your inside Get Rich Education, I'm your host Keith Weinhold. |
| 2:19.8 | Besides hosting Get Rich Education, I appear as a guest on quite a few other investing shows. And recently, one appearance stands out to me, and I want to share it with you. Now, on most shows, I probably come off as a rather |
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