My returning guest in this episode is the inspirational Gena Lofton. Gena provided so much value in Episode 54 for my listeners! In this episode, we discuss a strategy Gena uses in her own life to have the same dollar have multiple uses, a strategy called, Security based lending.
This strategy teaches how to leverage your stock portfolio to buy more cash flowing businesses and assets.
According, to Wells Fargo “a securities-based line of credit helps you to meet your liquidity needs by unlocking the value of your investments.
This type of borrowing may be easier to obtain and more cost-effective than other alternatives. It depends on whether you have sufficient eligible securities to use as collateral.
Some of the advantages of securities-based borrowing include:
- Access to cash when you need it
- Typically lower rates than other forms of credit
- No set-up, non-use, or cancellation fees
- Ability to borrow between 50% to 95% of your eligible assets, depending on the collateral and type of credit you receive
These lines of credit can be used for many purposes. Common uses include:
- Real estate purchase
- Expenses such as taxes or tuition
- Boat, car, or other luxury purchase
- Business opportunity
You can use a non-purpose securities-based line of credit for any purpose except to purchase, carry, or trade securities; refinance or repay margin loans; or repay any other loan used for securities purchases. A margin account is the only securities-based line of credit you may use to purchase securities.”
796: Michael Mathe: Different Strategies For Cashflow During Different Parts Of A Cycle
My guest in this interview is Michael Mathe. Michael is an investor and entrepreneur. Michael’s businesses Little Pink Houses Of America and VIP Financial Education, provide amazing business opportunities and financial education. Interview Links: email@example.com Resources: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Subscribe To The Best Cashflow Niches™ Newsletter: www.cashflowninja.com/bestniches Join My Inner Circle &…
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