Episode 207
Debt Vehicle & Control Cost
The tool that literally pays you to take money over the course of time.
In today's Better Wealth Episode of From the Front-lines, Jereme and I talk about the power of the residential mortgage. I dive deeper into my idea of “Cost of Capital” or “Control Cost” and how opportunity cost (good or bad) relates. Listen as Jereme walks through a front-line case study of how a Residential Mortgage helped a client live more intentionally. Jereme breaks down why Residential Mortgages are one of the most efficient debt vehicle tools and how it works where you are literally paid to take money over the course of time when done correctly. Jereme challenges listeners: If you have a home with potential equity and a financial model with some line items with inefficiencies, use your debt scorecard, look at what the cost of capital would be in order to control a greater amount of money, and then ask yourself how does this farther my financial model towards where I want to go?
BetterWealth Links & Resources:
Episode #202: The Bad Debt Framework
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