028: M.C. Laubscher: Wisdom Wednesday! Is Your House An Asset or A Liability?

028: M.C. Laubscher: Wisdom Wednesday! Is Your House An Asset or A Liability?
13
Jul



 

Most people “save” the majority of their wealth qualified retirement plans and their homes. These are two Sacred Cows in society and financial planning.In today's episode I critically examine the question, “Is your house an asset or a liability?”. I also discuss the concepts of home ownership and “saving” in general and analyze where we are currently in the housing cycle. Please let me know your thoughts on Twitter at @mclaubscher.

 

Self_Journal

Bestselfco., Make Success a Habit! Use the Self Journal to organize and align tactical day to day tasks with larger life goals.

 

Quote:

“My poor dad always said, “My house is an asset and it's our largest investment.” My rich dad said, “Your house is not an asset, it's a liability. And if it's your largest investment you're in trouble.” – Robert Kiyosaki

 

Recommended Book:

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki

 

Recommended Resources:

Rich Dad Scam #6: Your House is an Asset

Your HOUSE is a Liability

Wall Street Journal article, “The Housing Illusion”

Why Your Home Is Not the Investment You Think It Is by David Crook

It’s Financial Suicide to Own a House

Why I Am Never Going to Own a Home Again

Five Things You NEED to Know Before Buying a House

Ramit Sethi Buying a House Resources

 

Cashflow_audiobook_new 

Show Sponsors:

Audible, download any audio book for free when you try audible for 30 days.

Leadpages,  is offering a free marketing automation course that includes:12 video modules with step-by-step strategies to leverage what’s working in your business.

Thrive15.com, get a free month of access at www.thrive15.com/cashflow

 

Show Transcript

 

Have some feedback you’d like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post!

If you enjoyed this episode of our podcast, please leave an honest review for The Cashflow Ninja Podcast on iTunes.

Ratings and reviews are extremely helpful and greatly appreciated!

They do matter in the rankings of the show, and I read each and every one of them.

John Lee Dumas of EOfire.com made a video explaining how to leave a review you can watch here.

You can also access step by step instructions how to subscribe, rate and review on Itunes from Apple here.

Thank you for supporting our podcast and sharing it with friends and family!

Live a Life of passion and purpose on your terms,

M.C Laubscher

 

Leave A Reply

Your email address will not be published. Required fields are marked *