3238: How to Build Equity in Your Home by Kumiko of The Budget Mom on Long-Term Wealth and Financial Stability

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 6 August 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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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 3238: Kumiko shares practical strategies to build equity in your home, whether you're paying off a mortgage or investing in value-boosting renovations. She emphasizes the importance of financial planning, using tools like sinking funds, and making smart decisions about when to borrow or save, offering a balanced approach to long-term wealth and stability. Read along with the original article(s) here: https://www.thebudgetmom.com/how-to-build-equity-in-your-home/ Quotes to ponder: "Home equity is the difference between the market value of your home and the amount you owe on your mortgage." "Landscaping, gardening, painting, or a new outdoor living space are all potentially inexpensive ways to add value to your home." "A sinking fund is a way to set aside some money each month to pay for large expenses." Episode references: Credit Karma: https://www.creditkarma.com Zillow: https://www.zillow.com Redfin: https://www.redfin.com Risk Parity Radio: https://www.riskparityradio.com Remodeling Magazine Cost vs. Value Report: https://www.remodeling.hw.net/cost-vs-value/2024/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:04.6	This is Optimal Finance Daily. How to Build Equity in Your Home by Camico of thebudgetmom.com.
1:12.8	A few years ago, I set a big financial goal for myself. I decided to become a homeowner and to buy my first home in cash. If you follow me on Instagram, you know that earlier this year I was finally able to
1:18.6	reach that goal. The day I surprised my son and revealed that I saved up enough money to buy our
1:24.2	dream home in cash was one of the happiest days of my life. Personally, I'm in love
1:30.0	with our forever home, and I don't have any plans to sell it, but I still understand that it's a valuable
1:35.3	asset. By taking care of my home and building equity in it, I can increase my net worth. I also put
1:42.2	myself in a position to leave an inheritance for my son.
1:45.0	If you're a homeowner or thinking about becoming one, it's smart to try to
1:50.0	increase the value of your home over time. What is home equity?
1:55.0	Home equity is the difference between the market value of your home, also known as how much
	...

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