This is an IHeart podcast. Guaranteed Human. I do want to talk about, we made an Instagram post

that got a lot of traction. So I take a couple of minutes to kind of just explain it. I said this a few

times, but I think it's really important for people to understand, like, one of the things that

wealthy people do, when you're accumulating your assets, a lot of times people are like,

all right, well, what's the point of having wealth and investing if if because I always said like the goal my personal goal is

to never sell an investment and it's like well how do you do that that's kind of counterproductive

because what's the point of having investments if you're not selling it because you're never

actually going to benefit from actually needing the money so one one level is that if you're not selling it because you're never actually going to benefit from actually needing the money. So one level is that if you never need the money, that's a good thing.

But another level is that if you need the money, you don't necessarily necessarily have to

sell an investment to access the capital. So we put it in a post. Just briefly explain it.

So talk about He lock, right, which is a line of credit from a house. And a refi is a little different because a refi, you're actually refinancing, and you're having a new mortgage put on the house. But you're still able to get money out, right? But the He-Lock is a line of credit. So if you have $400,000 and you only need 50, then you only need 50.

Then you can get another 25.

Then you get so long story short, it allows you the refire and the he lock allows you to tap into equity that's inside of the home without selling the home.

So you still have the asset, right?

Then you have the security back loan, which is when you borrow from your stock portfolio. And once again, similar to the HELOC

where you know, you pull out of application and they'll say, okay, you have a million dollars

in your stock portfolio and we'll give you 500,000.

Let's just get a more realistic number.

If you have $500,000 in your stock portfolio and they'll say, okay, we'll give you $300,000

line of credit.

And then that $300,000 line of credit is like a loan and like a 6% interest rate, let's

say.

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