The Nick Huber Show EP 171: The true cost of a paid off house
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Dec 2, 2024 Exploring the dilemma of paying off your home versus keeping cash on hand, the host emphasizes the importance of liquidity for entrepreneurs. He illustrates how accessible funds can unlock investment opportunities and provide financial security. Additionally, listeners learn about maximizing investments through cash liquidity and connect with resources for assessing self-storage properties, while also discovering a vibrant community for commercial real estate investors.
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Friend's Dilemma
- A friend asked Nick about selling a rental property versus paying off a new house.
- Nick advised against both, suggesting prioritizing liquidity for investments.
Liquidity over Paid-off House
- Prioritize having liquid cash over a paid-off house, especially as an entrepreneur.
- A paid-off house limits investment opportunities and emergency funds.
Paid-off House Risk
- A paid-off house offers a false sense of security for entrepreneurs.
- It hinders access to funds during crises or lucrative investment opportunities.