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).

Timestamps:
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:

THIS BANKING SECRET WILL INCREASE YOUR CASH FLOW (Advanced Financial Education)
► https://www.youtube.com/watch?v=wTqQJLkjqfA

HOW TO PAY OFF YOUR MORTGAGE IN 5-7 YEARS (Build Wealth & Live Debt Free!)
► https://www.youtube.com/watch?v=CxBV6YwHRR4

Increase CASH FLOW, Eliminate INTEREST COSTS, DEBT FREE & More!? (DEBT WEAPONS 101)
► https://www.youtube.com/watch?v=ANHhH0ECUZI

These Investors Will WIN The Housing Market Crash
► https://www.youtube.com/watch?v=K8GxUX5on24

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:
► http://www.FreeCoachingCalendar.com

Get your FREE Cash Flow Cruncher budgeting spreadsheet here:
► http://www.cashflowcruncher.com
It’s way more than just a budgeting spreadsheet! Manage your finances completely and easily with the Cash Flow Cruncher, our gift to you just for being a viewer of the channel!

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!
► http://www.investmentanalysisworksheet.com

Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/vipfinancialed

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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Disclaimer and Waiver — VIP Enterprises, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and agents (referred to as “VIP Financial Education”) are not financial or investment advisers and not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk and results always vary. The content is provided ‘as is’ and without warranties, either expressed or implied. VIP Enterprises does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will VIP Enterprises be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, advice or other content contained. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content. Furthermore, from time to time VIP Enterprises may earn an affiliate commission when a viewer purchases a product, program, or service as a result of our content.

#HELOC2022 #HomeEquityLineOfCredit #RealEstateInvesting2022

#MasteringHELOCs #HELOCs2022 #RealEstate2022

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