Financial Lies That Are Going VIRAL (Part 2)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 27 September 2024
⏱️ 39 minutes
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| 0:00.0 | Financial lies that are going viral, part deuce. |
| 0:04.3 | I am so excited about this because I don't know if you know this not everything on the |
| 0:16.9 | internet is true. |
| 0:18.6 | Oh say it so. |
| 0:20.1 | And there is so much stuff out there about financial content about the financial world |
| 0:25.9 | that is just absolute hogwash. |
| 0:28.3 | So our hope today is we can walk you through some of these big myths and put them to bed once and for all so |
| 0:35.5 | that you can actually do money better. And even if they're not lies, they're |
| 0:41.1 | partial truths. That's right. |
| 0:43.0 | Like a little bit of truth in there wrapped up with a bunch of, as you said, hogwash. |
| 0:48.0 | So let's jump right in. |
| 0:50.0 | But what is myth number one? |
| 0:52.0 | Myth number one is that the way that you become wealthy the key to becoming |
| 0:56.1 | wealthy is you have to borrow your way to wealth leverage and borrowed money is the way that you get there. But don't take our word for it. Check |
| 1:08.0 | out these clips. |
| 1:11.3 | How to buy another property if you can't currently afford one. |
| 1:14.4 | If you can't afford it. |
| 1:15.6 | Everyone would live by, they would all wind up multi-millionaires. |
| 1:19.1 | It's called a home equity line of credit. |
| 1:20.6 | Here's how you can start investing in real estate using a he-lop. |
| 1:24.0 | Home equity line of credit. |
| 1:26.0 | When you buy a house, the moment you have enough equity that you can pull out of it while living there, |
... |
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