Debt Free or Financially Free? | 3rd Degree Thursday
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 2 October 2014
⏱️ 18 minutes
🧾️ Download transcript
Summary
It’s time to get clear: do you want to be debt free or financially free? Because they require completely different game plans. Today Matt addresses the differences in strategy and more while tackling a listener response to last week’s episode, Should I Buy My Primary Residence?
I agree that your house is a liability, however rent is even more of a liability! There are two sides to the balance sheet: increasing assets and decreasing liabilities (rent). Both will increase your cash flow. I bought my house for $80,000 cash 3 years ago and now it can rent for $1,200 per year. I'm open to increasing my ROI.
- Brian P.
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If you have a question, comment or concern that you’d like Matt to address live on the show, send it to him at Matt@EpicRealEstate.com and type "3rd Degree" in the subject line… or leave him a voicemail on the Epic Hotline at 1-888-891-7203.
See you tomorrow for a new episode of Financial Freedom Friday!
Transcript
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| 0:00.0 | This episode is brought to you by Oracle. |
| 0:03.0 | AI is storming every industry, but how do you compete without costs |
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| 0:30.0 | This episode is brought to you by Revolute. |
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| 0:53.2 | Until 18th of June 2024, 18 plus, T's and C supply, exchange fees and fair usage limits supply. |
| 0:58.9 | Hello and welcome to Third Degree Thursdays the show where I subject myself to |
| 1:07.6 | you giving me the Third Degree. All righty so I got a question via email |
| 1:12.1 | from Brian P. |
| 1:13.7 | And Brian is challenging last week's episode of Third Degree Thursday, |
| 1:18.7 | the title or the episode titled, |
| 1:20.3 | Should I Buy My Primary Residence? And for the most part, the answer that. titled, should I buy my primary residence? |
| 1:22.6 | And for the most part, the answer to that question, |
| 1:25.3 | I said no. |
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