Use your home equity to invest, but first save twelve months of loan payments. Build income from your investments to cover the debt, and focus on assets that generate the returns you actually need rather than chasing specific investment types.
When we draw that equity out of our home, we obviously are going to have an interest cost that we need to pay for it. And so part of the first part of your strategy, because this is one of people's biggest fears, well, how am I going to pay for it if I increase my debt? How am I going to pay for it? One of the first parts of your strategy is that we set aside a buffer to cover about 12 months of repayments of that equity to begin with. From that point in time, part of your first strategy is, well, how am I going to build income streams in my portfolio to handle the cost of the debt? Because I— your personal life is business, your investment portfolio is a business. We want to keep these 2 babies separate, and you do that by strategically growing a portfolio using different aspects of your asset types. Like, we're going to build over an overarching wealth system because investing isn't about buying property or buying shares, it's about, um, buying profits within your portfolio, right? That's what the outcome is, right? I never get caught up in the asset class, I get caught up in the result it's there to create for you in your life.
