Eliminating Debt? No. Do This Instead. | 798
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 7 October 2019
⏱️ 8 minutes
🧾️ Download transcript
Summary
This Monday, Matt explains why being debt-free is significantly prolonging your journey to financial freedom. Take a listen and find out more!
Transcript
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| 0:00.0 | This is Tereo Media. Success in real estate has nothing to do with shiny objects. |
| 0:15.0 | It has everything to do with mastering the basics. |
| 0:18.0 | The three pillars of real estate investing. |
| 0:20.0 | Attract, convert, exit. |
| 0:22.6 | exit. |
| 0:23.6 | Matt Terrio has been helping real estate investors do just that for more than a decade now. |
| 0:29.2 | If you want to make money in real estate, keep listening. |
| 0:32.2 | If you want it |
| 0:33.2 | it faster. |
| 0:34.2 | visit re I ACE.com. Here's Matt. |
| 0:38.3 | Alrighty so let's say that you've come to the conclusion as I, that real estate is the final frontier where the average |
| 0:45.8 | person can build real wealth in a reasonable period of time. |
| 0:51.4 | And you're excited about obtaining some cash-flowing real estate and you even |
| 0:55.1 | like the idea of using a turnkey partner. Let's say all of this fits your |
| 1:00.0 | situation right now but you know maybe you're a little stuck in the sense |
| 1:04.3 | that you don't have the money to pick up this first or maybe this next property or |
| 1:08.8 | more likely you don't think you have the money. So where do you find the money? Well there are many places to look but at the moment let's just focus on one of those places. The equity, the equity that's already inside your house or maybe in other |
| 1:25.5 | properties you own. Now before you get all excited, whether it's a positive excitement in the sense that you didn't think of accessing that or maybe a negative |
| 1:35.7 | excitement in a sense that no way Jose am I gonna to do that I'm trying to pay my house off. That money is staying put. I want you to consider an alternative way of thinking about it. |
| 1:47.0 | You see, I'm in the mindset that my money should not get to retire before I do. And that's precisely what home equity is. It's |
| 1:58.0 | literally retired money. It's no longer working for you anymore. But you still get up every day and you go to work for it, don't you? Yes. Me, I'm not okay with that. I'm going to retire before my money does. That's the decision I've made and my money will support me in retirement. |
| 2:17.0 | I'm not on the face of this earth to support my money. My money is here to support me. |
... |
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