Untapped Riches: Never Pay Off Your Mortgage — and Other Surprising Secrets for Building Wealth
It Saturday! That means it’s time for Burbed book recommendation!
Untapped Riches: Never Pay Off Your Mortgage — and Other Surprising Secrets for Building Wealth
Why do some folks get rich while others just get by? The biggest stumbling block for most people is believing they lack the capital required for serious wealth-building. Untapped Riches dispels this myth. This remarkable book reveals that most homeowners are in fact sitting on “untapped riches.” Working diligently to pay down mortgages, they are unwittingly tying up money in equity they could be investing elsewhere for greater return.
Offering 40 wealth-building and wealth-protection strategies, many of which fly in the face of conventional wisdom, Untapped Riches will change how readers think about borrowing money, investing, and mortgages. Challenging the idea that it is more financially sound to be debt-free, the authors believe that there is both good and bad debt — and that the former is essential to generating cash flow and building significant wealth. Real estate tycoons know it’s all about leverage. Now, the authors, who made their own fortune in real estate, show how anyone can get the cash they need, and really put it to work.
Why pay off your mortgage when you can easily use that money to earn more money! Like… buying more real estate!
Let’s face it, debt equals wealth. It’s what saved this this country in the first part of this century, and… uh… yeah!
Being debt free is for suckers. It’s what The Man wants you to believe is a good thing, so that you’ll never rise and become wealthy!
So load up on debt, and while you’re at it, help this site out, click this link to learn more!
July 18th, 2009 at 9:48 am
That’s a valid way to think IF you have something else you can make a better return on AND you are willing to deal with the consequences if you are wrong.
July 18th, 2009 at 10:34 am
Come on Burbed! You are featuring a book written by the persons who had FBI agents as regular visitors. You can do better.
July 18th, 2009 at 1:17 pm
Just a suggestion, perhaps feature something else during the weekends besides these cheesy real estate books. It’s becoming redundant now.
July 18th, 2009 at 1:28 pm
Redundancies are fashionable during recessions
July 18th, 2009 at 3:07 pm
No its not. Redundancies are fashionable during expansions; in recessions they get leaned out…
July 18th, 2009 at 3:38 pm
Is that what they used to call “right-sizing?”
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Love this part:
The biggest stumbling block for most people is believing they lack the capital required for serious wealth-building. Untapped Riches dispels this myth.
Hell, just “invest” in Lotto tickets while you’re at it! Hardly any capital required.
July 18th, 2009 at 5:10 pm
No, nomadic. Investing without capital means going to cruise and shopping in other people’s money.
July 18th, 2009 at 7:00 pm
Was this co-authored by Casey Serin?