Pros & Cons of HELOCs: Should You Get One in 2022?

Should you get a home equity line of credit in 2022?

Matthew Pillmore, president of VIP Financial Education, dives into the shocking truth about HELOCs, myth-busting home equity lines of credit so you can make an informed decision on these popular Debt Weapons.

HELOCs can be amazing tools for growing your cash flow and eliminating debt, however, they can also be especially tricky given the current instability and upcoming housing market crash (yes folks, I still think this is on the horizon for us).

0:00 – Intro
0:23 – The Shocking Truth About HELOCs
1:04 – 3 Ways HELOCs Can HURT You
4:17 – 6 Reasons Why HELOCs Are Amazing
6:56 – Best Case Scenario for Real Estate Investors

Dive deeper into some of the topics and videos mentioned in today’s episode:


HOW TO PAY OFF YOUR MORTGAGE IN 5-7 YEARS (Build Wealth & Live Debt Free!)


These Investors Will WIN The Housing Market Crash

HELOCs are one of the most versatile Debt Weapons out there and can be an excellent tool for speeding up your debt free journey, paying off your mortgage in a fraction of the time, and getting you into investment opportunities like buy and hold real estate. HELOCs can be a great way to build your cash flow! But… they also have some downsides…

Get one-on-one coaching with Matthew Pillmore:

Get your FREE Cash Flow Cruncher budgeting spreadsheet here:
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Getting into Real Estate? Check out the Real Estate Investment Analysis Worksheet, a FREE resource that helps you calculate whether or not a property will be a money-making machine for you!

Want more actionable financial tips and tricks like this one? Check out our YouTube channel here

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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#HELOC2022 #HomeEquityLineOfCredit #RealEstateInvesting2022

#MasteringHELOCs #HELOCs2022 #RealEstate2022



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