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Title: The "Home Ownership" Conspiracy
Author: Matt Mason
Word Count: 1475
URL: http://www.isnare.com/?aid=228975&ca=Real+Estate
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What is the conspiracy?
It is funny how through propaganda we can be manipulated into
doing and thinking things that we know don't make any sense.
Here is a major example of what I am talking about. We all know
that debt is bad and that it impedes our retirement. We all know
that debt causes financial instability. Most marriages end in
divorce and finance (which really is debt) is the main reason
for this. So why do we all stand in line to buy houses so that
we can build borrowing power and security?
Let's go back to Finance 101. What is an asset? What is a
liability?
An asset is something that puts money in your pocket. A
liability is something that takes money out of your pocket.
Now, let's look at your house. The only thing that your house
is putting into your pocket is the ability to borrow more money!
Yet, it is taking plenty money OUT of your pocket! So unless
your master plan is to buy a big house, live in it, sell the
house at retirement and move in with your kids (while you live
off the money you sold the house for), I think it is fairly safe
to say that your house is not an asset, it is a liability!
Turn the Mind Control Matrix off. Your house is not a good
investment!!
Real estate (buying a house, fixing it up and flipping it for a
profit or buying rental property) can be a good investment.
Buying a house and living in it is not a good investment!! It is
a material item, just like anything else. The equity in your
house is nothing more than a fixed, low interest rate credit
card!
WHAT IS NET WORTH?
Here is an example of "net worth". John has a paid off $200,000
house. Sally has a paid off $150,000 house. Assuming that
neither one of them has any money nor any other debt, John's net
worth is $50,000 more than Sally's. That means that he is
$50,000 wealthier, right? Why is that? It's because John can
BORROW $50,000 more than Sally. Now ask yourself, does that
really make sense? When our whole idea of wealth is based on how
much one can borrow, it is NO WONDER America is in debt!
If you go to Geechie Dan's Place, and order a 3 Piece Chicken
Meal that cost $4.99. The cashier say's "That's $5.24." and you
say, "I don't have any MONEY but my net worth is $200,000." What
are the chances that you will get the meal? Now, let's say that
I walk into Geechie Dan's Place and order a 3 Piece Organic
Chicken Meal that cost $8.99. The cashier say's "That's $9.69."
I have $10 in my pocket, but my net worth is
-$16,780,098,001.73. Guess what. I AM ABOUT TO EAT SOME CHICKEN!
NET WORTH DOES NOT EXIST!
It is a figment of your imagination. You can't buy food with
it. You can't put it in the mission plate at church. You can't
pay your medical bills with it. Net worth for most people is a
number that is out there somewhere in space, based on the
perceived value of material items. It exists only in your mind!
You can't spend it. The only thing you can do is BORROW off of
it.
REAL WEALTH is exchangeable. You can see it. You can touch it.
You can LIVE off of it. It buys food, clothes, goods and
services. You see, the reason that 97% of Americans get to
retirement age and can't really retire, is not because their net
worth is low. The reason most people can't retire is because
they don't have any MONEY!
The sad thing about this is, the real estate industry is
telling people, "Buy a house and build wealth." The Financial
Services industry is telling people, "Increase your net worth.
That is the number that you can retire on." These are bold face
lies!! So we Americans put all of our money into what we have
been told is an investment, and when we retire, we are left with
ONE BIG CREDIT CARD!
But now after saying all of this, don't take my word for it.
Find someone who has a paid off house and ask them how rich
their 30 year investment has made them!
Read this very carefully. If you plan on retiring and being
financially independent, it will probably be in your best
interest to establish a game plan that will get you enough money
to retire on at your retirement age. That is your first
priority. Once you get that in place, THEN worry about buying a
house! Don't let the propaganda machine "punk" you into buying a
house with an ad like this from the BS Bank Of Real Estate:
Stop making your landlord rich! Discover how to stop pouring
money down the drain in rent and build a solid financial future
by purchasing your own home!
Translation
Stop making your landlord rich! Borrow hundreds of thousands of
dollars from US and make US rich instead of your landlord. Build
wealth (by that we mean, the ability to come back and borrow
more money from us). Then when you retire and you don't have any
money, you can do a reverse mortgage. If you die before the
mortgage is up, we will take your house back (which was the plan
from the beginning) or make your kids pay the rest of the
interest.
Free Your Mind!
BORROWING POWER?
When you take out a home equity loan, all you are doing is
borrowing your own money. This is money that you paid in. So, if
you didn't have the money to do what you wanted to, then what
were you doing buying a house in the first place? You see, one
of the ways that banks get rich, is by getting people to pay
them, and then turn around and borrow their own money back and
pay more interest! Whole life insurance is another example of
this, but that is a whole different sermon.
AM I SAYING THAT YOU SHOULD NOT BUY A HOUSE?
Of course, I'm not. I'm all for ownership. But remember this. A
house is a material item, just like a car or a big screen TV.
Don't let it impede your retirement.
There are a select few who can buy a nice house with a payment
as low as their rent payment. But nine times out of ten, to buy
the house that you WANT to live in, the payment will be about
$400 to $600 more per month (especially after you factor in
maintenance that you wouldn't have to pay if you were renting).
So let's say the difference is $500. $500 per month is about
$6000 per year. Let's say that you decided to WAIT three years
before you bought your house. At $6000 per year you could save
$18,000. If you were to put that $18,000 into an investment
vehicle that made 12% interest, after 30 years (the time it
would take you to pay off your house) you would have $576,000.
Wait six more years and you would have over $1.1 million
dollars! All of this while living in the same house and not
investing a penny on top of your initial $18,000 investment. All
you did was to wait three years and save your money.
You see ladies and gentlemen, building wealth is not as
difficult a task as we make it out to be. It's very simple! Stay
out of debt, and invest your money! But then again, we ALL know
this. There is not a person who will read this that will
disagree with what I have just written, but somehow, through
propaganda and psychological warfare, the diabolical ones have
convinced us that what we KNOW to be true, is really false. We
in America believe that borrowing (mortgage) is building wealth
and security, and investing is dangerous. They play in on our
fears to get us to make bad decisions. As long as you think what
is bad is good, and what is good is bad, you will always be
broke.
CONCLUSION
The American Dream, in the case of Home Loanership, is a tool
specifically designed by the rich bankers to keep us "Just Over
Broke" and "In Our Class". Be a good steward of your money.
Don't fall into the trap of Home Loanership.
[Proverbs 22:7] The rich rule over the poor, and the borrower
is the slave of the lender.
Until next time,
Free Your Mind!
Cordially,
Matt Mason
About The Author: Become 100% Debt Free in 3-5 Years
Guaranteed.
http://freeyourmindonline.net/resources/debtfree.html For more
Esoteric Wisdom on finance, go to http://freeyourmindonline.net
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