Borrow Smart™  Retire Rich™

Transforms

Into

Borrow Smart™

Repay Smart™

 
It's obvious, our economy changed, but the borrowing principles portrayed in the book, "Borrow Smart Retire Rich" remain. 
 
But we changed on how educating you might be of a greater benefit. Let's take you "inside", the "Financial Advisors" message.

 

 

Cash And Liability Mastery

 

7 Steps For Borrowing During Any Economy

 

The last ten years (2001 - 2011) created a battery of conflicting financial theories as it relates to borrowing, especially when it comes to mortgages.

From 2001 to 2004, the average U.S. stock portfolio dropped 34% while the average U.S. house value increased 21%. 

And then in 2008 the real estate bubble burst causing home equity as it relates to family wealth creation to dive, the percentage of drop matching the Great Depression, or some might say even worse. 

Regardless of your attitude of why and how this happened, your approach to borrowing plays an important role in the true cost of home ownership and other borrowing activity. 

In our book "Borrow  Smart Retire Rich" published in 2008, Todd Ballenger and I in Part 1 explored borrowing concepts such as safety, liquidity, return, hidden costs, taxes, leverage, and diversification. 

These concepts lay the foundation for understanding how to borrow smart. 

 

 

Repay Smart Foundation Principles

 

7 Step Solution "Closes Your Windows

 

In Part 2, we provided  a  7-Step Solution  that helps you assess the merits of the actions you might take. Your appropriate actions can change with your "current, specific situation". However, what does not change is the borrowing foundation guides we gave you in Part 1. 

Always remember this question as you apply what you can learn to bring you greater clarity and confidence in your borrowing activity. 

 

 "Will you heat and cool your house    with the windows wide open?". 

            -- Todd Ballenger

 

 

Here are some of the questions that we will answer for you.

  • What typical borrowing mistakes compound over time like interest over time?
  • How do I better protect my wealth from house Depreciation?
  • How should I repay my borrowing to retain maximum flexibility?
  • Which loan product, payment, and amount are right for me?
  • What is the only way a house can positively impact my net worth?

Throughout our discussion, we will show you a thought process of "Managing Liabilities Into Assets". At the core of the process is house equity, or as we have seen since the real estate collapse the lack thereof. 

So we can help you with this process, we introduce a simple concept - Effective Rate of Return ("EPR"). We approach your house/mortgage (even if you don't have one) from the perspective of;

  • Safety
  • Liquidity
  • Return

Safety minimizes the potential for investment loss while examing the two biggest risks, depreciation and foreclosure. 

Liquidity is your ability to convet your house to wealth by either borrowing against your house or selling your house, and how the speed and ease with which you might be able  to do it. 

Return can be confusing because most people have it wrong. We will show you why by bringing clarity between one's net worth from and the "true return" on house equity. 

While your biggest liability is usually your house mortgage, all you liabilities can be integrated into the process we lay forth. 

Finally, since the book was published, proprietary software "Borrow Smart Analysis" has been developed, tested, and refined to provide numerical proof while you make choices regarding managing liabilities into assets. 

You can download a preview of the book by clicking on the link below, and/or purchase the full book below. 

Borrow Smart Repay Smart

 

$24.95

 

Includes Shipping US Post Office 

Ordinary Delivery 2-3 Days - Same Day Shipping