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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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 16 July 2025

⏱️ 10 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:01.1	This is Optimal Finance Daily.
1:03.6	Investing with debt by Wanderer of millennial-revolution.com.
1:09.9	We recently received an email from a reader that went something like this.
1:15.2	Quote, I know your stance on buying a house, and I agree with your reasoning. However, I live in the
1:21.4	Midwest of the U.S., where it's more financially sensible to buy a house instead of rent.
1:26.7	I currently live with family while I'm paying
1:29.2	off debt, and I'll be debt free by the end of next year. Once my debt is paid, I plan to save more
1:35.6	aggressively for retirement, increase my emergency fund from a couple months to a year, and save for a
1:41.7	house. So my question to you, if given the opportunity, would you buy
	...

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