Book Review: Missed Fortune 101
I have begun reading the book missed fortune 101 by Douglas R Andrew, and have to say that it is a very intriguing way to look at mortgages tax deductions and retirement accounts. I have not finished yet but would like to recommend this book already anyways and hear from anyone else who mightve read it. To me it opens your eyes to the way our tax system works and can be worked in conjunction with tax free investment vehicles to work in everyones favor.
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Jeremiah, the point is that when you extract the equity from your house, you are assured of paying that interest. When you invest that equity you have no guarantees that you will earn more. You thus risk your house to chase potentially volatile investments.