When your home’s value increases by over $50,000 in 2021 alone- you take notice! The average homeowner has access to well over $150,000 in tappable home equity while still maintaining 20% equity in their homes. But just because you can cash out, does that mean you should? As you’ve witnessed your home equity continue to balloon, you might be tempted to do something with those newly discovered funds. You might start getting the itch to finally spend some of that ‘hard earned money’ on a boat or maybe even a lavish vacation. Or maybe you’re more of a money nerd and you just hate seeing that equity sitting there underutilized- doesn’t it just feel like a waste with those funds sitting around doing virtually nothing? Either way, you might be facing a money decision with five zeros after it, and we want to help you think about it well.

 

During this episode we enjoyed an Above the Threshold of Hell by Burial! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

When your home&rsquo;s value increases by over $50,000 in 2021 alone- you take notice! The average homeowner has access to well over $150,000 in tappable home equity while still maintaining 20% equity in their homes. But just because you can cash out, does that mean you should? As you&rsquo;ve witnessed your home equity continue to balloon, you might be tempted to do something with those newly discovered funds. You might start getting the itch to finally spend some of that &lsquo;hard earned money&rsquo; on a boat or maybe even a lavish vacation. Or maybe you&rsquo;re more of a money nerd and you just hate seeing that equity sitting there underutilized- doesn&rsquo;t it just feel like a waste with those funds sitting around doing virtually nothing? Either way, you might be facing a money decision with five zeros after it, and we want to help you think about it well.
&nbsp;
During this episode we enjoyed an Above the Threshold of Hell by Burial! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you&rsquo;re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
&nbsp;
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

Cashing in on the Home Equity Explosion #506

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d15bb17b-8636-4a5a-8087-ae8400064bf2/transcript

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