Finance & Fury Podcast

Welcome to Finance and Fury. This episode will be about using your own home as part of a wealth accumulation strategy Some strategies that I plan to do First – what is a home – a lifestyle asset – is still technically an asset as it has a value – as long as someone else is willing to buy it off you I personally have never really seen a home as a financial asset - it technically losses you cashflow when it has a mortgage – and even when it doesn’t from a mortgage if this has been repaid – with rates, body corporate, ongoing maintenance costs for upkeep on the property Classification – Can you live off it? anything that doesn’t make you a passive income but instead loses you cashflow cant be used for financial independence Property ownership is expensive – mortgage is normally the biggest expense – PI loans eat a lot of cashflow – but the P component can be treated as forced savings that you can’t use But does decrease your I payments over the long term However – whilst your own home is a lifestyle as