Even if you’ve been living in a cave, you still have a good idea it’s been a good year. In Newport, you don’t even need to look at your computer. Just walk to the waterfront and peer out into the harbor to see with your own eyes that money does, in fact, float.
What I’m thinking about this morning is how to clear the decks of your balance sheet to prepare for the storm that may or may not come. Either way, you will benefit. Because what I’m talking about is getting out of debt and owning your home.
Not that long ago, Your Survival Guy and Gal were refinancing our home when the snarky banker sitting across from us said, “Yeah, we (his bank) wouldn’t mind owning a home on the Point (my home).” That stung, and ever since then, I’ve always worked to own my home.
“Oh, but what about the interest deduction?” one thinks. What about it? My goal isn’t to play money games. It’s simply to own my shelter, which brings me peace of mind. Yes, there are the real estate taxes, and yes, it’s valuable to look at Your Survival Guy’s Super States for good governance, an oxymoron if I’ve ever seen one. But at the end of the day, you live where you live.
Action Line: If you want some help organizing your balance sheet so you can see for yourself that money can float, then first off, let’s get that snarky banker out of your life and you into some home ownership. Email me at ejsmith@yoursurvivalguy.com.
Originally posted on Your Survival Guy.