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Are HELOCs over with?
What are the best and worst ways to use your home equity line of credit?
Matthew Pillmore, president of VIP Financial Education, shares the smartest and dumbest uses for a HELOC in today's video.
Timestamps:
0:00 - Intro
0:24 - Absolute BEST Way to Use HELOCS
0:59 - Other Ways to Use HELOCS
3:23 - WORST Ways to Use HELOCS
Additional videos mentioned:
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Watch more videos on this passive income opportunity:
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Much like Robert Kiyosaki, VIP is all about utilizing leverage (via Debt Weapons) to increase cash flow through investing in all types of things, from real estate to small businesses. VIP differs in their approach to the follow-through, utilizing some of the things Dave Ramsey teaches - optimizing your cash flow by decreasing expenses - however VIP differs there too. We are all about maintaining the lifestyle design YOU want, all while optimizing your expenses through creative approaches. We're all about the best of both worlds.
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#heloc #homeequitylineofcredit #helocs101