How the Wealthy Use HELOCs to Build Wealth and Protect Their Cash (Should You Have One?)

The Personal Finance Podcast

Andrew Giancola

Entrepreneurship, Investing, Business

4.6 • 1.2K Ratings

🗓️ 18 August 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The Personal Finance Podcast, we break down everything you need to know about HELOCs (Home Equity Lines of Credit)—what they really are, how they differ from traditional mortgages, and why the popular "velocity banking" strategy to pay off your mortgage faster delivers minimal benefits with maximum complexity. We explore the math behind using a HELOC to chunk down mortgage payments versus simply making extra principal payments, revealing that the supposed benefits are often overstated and come with significant variable-rate risks that could jeopardize your home. Get the HELOC Ultimate GUIDE Here! Watch this episode on Youtube. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining Index Fund Pro! This is Andrew’s course teaching you how to invest! Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok Learn how to get out of Debt by joining our Free Course Leave Feedback or Episode Requests here. Car buying Calculator here Visit www.functionhealth.com/PERSONALFINANCE or use gift code PERSONALFINANCE100 at sign-up to own your health. Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Go to https://joindeleteme.com/PFP20/ for 20% off! Shop outdoor furniture, grills, lawn games, and WAY more for WAY less. Head to wayfair.com Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com/PFP Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/ Links Mentioned in This Episode: 10 Home Renovations That Are Worth The MONEY! - Money Q&A Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	summer's winding down and you know what that means back to school mode is officially here and if
0:06.5	you're anything like us you're probably eyeing your space and wondering where do we put all this stuff
0:11.2	so we grab some shells from wayfair for our kids rooms and it made a huge difference it helped us get
0:16.4	everything organized from books and toys to those random school supplies that somehow end up everywhere.
0:21.9	And Wayfair makes it so easy to refresh your space.
0:24.6	Whether you're setting up a homework corner, reorganizing the bathroom, or just getting cozy
0:29.0	for fall, they've got what you need and fast.
0:32.3	So get organized, refreshed, and back to your routine, your way.
0:35.9	Head to Wayfair.com right now to do all things home.
0:39.9	That's W-A-Y-F-A-I-R dot com. Wayfair. Every style, every home.
0:48.7	Race the rudder. Raise the sails. Raise the sails. Captain, an unidentified ship approaching. Over.
0:55.0	Roger that.
0:56.0	Wait.
0:57.0	Is that an enterprise sales solution?
1:00.0	Reach sales professionals, not professional sailors.
1:04.0	With LinkedIn ads, you can target the right people by industry, job title and more.
1:09.0	To get £100 off your first campaign,
1:11.3	go to LinkedIn.com slash lead to claim your credit.
1:14.2	That's LinkedIn.com slash lead.
1:16.4	Terms and conditions apply.
1:17.7	On this episode of the Personal Finance podcast,
1:20.6	how the wealthy use he locks to build wealth
	...

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